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2023 (4) TMI 318 - KERALA HIGH COURTInclusion of value of damaged and obsolete/ unsaleable goods from previous assessment years in the assessable value (disallowance of deduction) - Form 53 not uploaded, which was a necessary pre-requisite to claiming such deduction - HELD THAT:- The assessing authority has now accepted that the documents produced by the petitioner are reliable, and that the only reason for disallowing the claim of the assessee was the non-production of those documents along with Form 13 audit report, Form 13A audited Balance Sheet and the audited Profit and Loss Account for the year ended 31.03.2012, the said technical reasons need not be a reason to deny the petitioner the substantive benefit of deduction of the amounts from the taxable turnover for the year. Matter remanded back to the assessing authority for passing a fresh assessment order, taking into consideration the documents now produced by the petitioner before the assessing authority, and which were found as acceptable by the assessing authority, for the limited purposes of passing a revised assessment order.
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