https://www.taxtmi.com/caselaws?id=99299 A taxing statute that deems the previous year's turnover to be the turnover of the assessment year allows a notification issued during that assessment year to operate on that deemed turnover at the rate in force for the relevant period. The turnover may be apportioned between periods before and after the notification so that different rates apply according to when they were effective. The absence of an express reassessment or refund mechanism does not prevent the altered rate from operating. A dissent took the view that an enhanced rate could not be applied to sales already completed in the previous year. en-us Mon, 31 Oct 1960 00:00:00 +0530 Mon, 09 Dec 2013 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99299 A taxing statute that deems the previous year's turnover to be the turnover of the assessment year allows a notification issued during that assessment year to operate on that deemed turnover at the rate in force for the relevant period. The turnover may be apportioned between periods before and after the notification so that different rates apply according to when they were effective. The absence of an express reassessment or refund mechanism does not prevent the altered rate from operating. A dissent took the view that an enhanced rate could not be applied to sales already completed in the previous year. Case-Laws VAT and Sales Tax Mon, 31 Oct 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99299