https://www.taxtmi.com/caselaws?id=210560 Under the Karnataka Value Added Tax Act, 2003, a clarification issued under Section 60 was binding on both the assessee and the department for the goods and transaction covered by it. Where the Commissioner later exercises revisional power under Section 64(2), the revised order cannot unsettle a position already acted upon by the assessee with retrospective effect. If the revisional order is adverse, it operates only prospectively from the date of the order and does not take effect from an earlier date. en-us Thu, 22 Sep 2011 00:00:00 +0530 Wed, 15 Feb 2012 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210560 Under the Karnataka Value Added Tax Act, 2003, a clarification issued under Section 60 was binding on both the assessee and the department for the goods and transaction covered by it. Where the Commissioner later exercises revisional power under Section 64(2), the revised order cannot unsettle a position already acted upon by the assessee with retrospective effect. If the revisional order is adverse, it operates only prospectively from the date of the order and does not take effect from an earlier date. Case-Laws VAT and Sales Tax Thu, 22 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210560