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2018 (8) TMI 939 - HC - VAT and Sales TaxPrinciples of Natural Justice - Whether the prescribed authority can issue a notice of re-assessment under Section 39(1) of the KVAT Act read with Section 9(2) of the CST Act, without first recording his satisfaction/belief that there is an understatement of tax liability? Similar issue decided in the case of The State of Karnataka vs. M/s. V.N.Corporation [2018 (8) TMI 935 - KARNATAKA HIGH COURT], where it was held that giving one declaration form for one calendar month as provided in the first proviso is a mere procedural formality rather than a substantive provision and no substantial question of law arises requiring our consideration in these matters. The substantial questions of law is answered in favour of the petitioner-assessee and against the Revenue - decided in favor of assessee.
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