https://www.taxtmi.com/caselaws?id=158897 Section 12-A of the Tamil Nadu General Sales Tax Act was upheld as a valid machinery provision within the State's legislative competence because it enables the assessing authority, after notice and enquiry, to test whether declared sale prices reflect the real consensual value and to make a best judgment assessment where under-invoicing appears. It was not treated as creating a new charge or altering the bargain between the parties. Rule 18-C was also upheld because it only supplies guiding factors, including comparable prices and permissible variations, to assist the assessment of true turnover; the 15 per cent reference was treated as a safeguard and not an enlargement of statutory power. en-us Mon, 04 Dec 1995 00:00:00 +0530 Sat, 09 Nov 2013 12:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158897 Section 12-A of the Tamil Nadu General Sales Tax Act was upheld as a valid machinery provision within the State's legislative competence because it enables the assessing authority, after notice and enquiry, to test whether declared sale prices reflect the real consensual value and to make a best judgment assessment where under-invoicing appears. It was not treated as creating a new charge or altering the bargain between the parties. Rule 18-C was also upheld because it only supplies guiding factors, including comparable prices and permissible variations, to assist the assessment of true turnover; the 15 per cent reference was treated as a safeguard and not an enlargement of statutory power. Case-Laws VAT and Sales Tax Mon, 04 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158897