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2017 (2) TMI 81 - HC - VAT and Sales TaxEnhancement of escaped turnover to the tune of 28 times - Held that: - The authorities have not recorded any finding as to how assessment has been enhanced by almost 28 times. There has to be some reasonable basis or nexus between the escaped transaction noticed and the consequential enhancement made by the authorities. This Court had earlier indicated that unless there exists other material to come to a different conclusion, the authorities could enhance the assessment by twice the amount i.e. ₹ 1,40,000/- - tribunal was not justified in enhancing the turnover above twice the escaped transaction in the facts and circumstances of the present case, and the enhancement to the tune of 28 times is not justified - revision allowed - decided in favor of assessee.
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