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2010 (2) TMI 1071 - HC - VAT and Sales TaxWhether exhibit P5 order is liable to be rectified under section 66(3) of the KVAT Act? Held that:- The question as to whether exhibit P5 order is liable to be rectified under section 66(3) of the KVAT Act, can only be answered in the affirmative. It is evident that the rate fixed in exhibit P5 is not the rate contemplated under the statute which was in force, at any point of time. Therefore it can safely be held that fixation of rate was due to a mistake apparent on the face of the record. Hence the same is liable to be rectified under section 66(3) of the KVAT Act.
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