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2017 (12) TMI 885 - HC - VAT and Sales TaxRectification of assessment order - whether the subject issue is an error, which could be rectified by the assessing officer invoking Section 55 of the TNGST Act and as to how the taxable turnover has to be computed? - Held that: - it cannot be stated that the power under Section 55 of the TNGST Act can be exercised only for the purpose of rectifying clerical mistakes or typographical mistakes. In the instant case, the mistake sought to be rectified is as to how the taxable turnover has to be computed. This undoubtedly is well within the jurisdiction of the power exercisable by the assessing officer under Section 55 of the TNGST Act. Thus, the respondent was justified in examining his power under Section 55 of the TNGST Act. Computation of taxable turnover - Held that: - the respondent has rightly held that the turnover has to be fixed for the whole of the year and the year means the financial year as defined under Section 2(t) of the TNGST Act. Petition dismissed - decided against petitioner.
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