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VAT - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Escaped turnover - Satisfactory explanation of sale omissions in ...


Court Rules Circulars Can't Block Reassessment of Escaped Turnover If New Materials Justify Revision in Tax Cases.

April 29, 2014

Case Laws     VAT and Sales Tax     HC

Escaped turnover - Satisfactory explanation of sale omissions in assessment – A circular could not stand in the way of assessing the escaped turnover in the context of the materials available warranting such a revision of assessment - HC

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