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2016 (11) TMI 413 - ALLAHABAD HIGH COURTRevision of assessment - evaded turnover - suppression of facts - Held that: - the Tribunal observed that to determine the evaded turnover on the basis of suppressed purchases of waste paper, applying the ratio between purchases of raw material and final product as disclosed by the assessee, opportunity is necessary to be afforded to the assessee and consequently, the matter deserves to be remanded to the assessing officer for assessment. I do not find any infirmity in the order of remand passed by the Tribunal inasmuch as the assessing officer would be best placed to consider all the evidences on record and evidences which may be led by the assessee so as to appropriately determine the manufacture and sales of the assessee. Under the circumstances, the revisions deserve to be dismissed and the questions of law as framed above, deserve to be answered against the assessee and in favour of the respondent - revision failed - the AO shall pass speaking and reasoned assessment orders in accordance with law after considering the reply and the evidences which may be led by the assessee - decided in favor of respondent.
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