https://www.taxtmi.com/caselaws?id=159272 Counter-sales of gems, jewellery and similar goods to foreign tourists under an export promotion scheme were held to be local sales because a sale is protected as being in the course of export only where there is an integral link with actual export; purchase against foreign exchange and an undertaking not to resell in India were insufficient. Interest on the assessed tax was not leviable for the relevant period because the amendment extending section 11-B applied only from 1 April 1987. Reassessment was validly initiated where disclosed counter-sales had escaped proper assessment, as the statutory phrase "for any reason whatever" was wide enough to cover such cases. en-us Tue, 27 May 1997 00:00:00 +0530 Tue, 19 Nov 2013 16:03:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159272 Counter-sales of gems, jewellery and similar goods to foreign tourists under an export promotion scheme were held to be local sales because a sale is protected as being in the course of export only where there is an integral link with actual export; purchase against foreign exchange and an undertaking not to resell in India were insufficient. Interest on the assessed tax was not leviable for the relevant period because the amendment extending section 11-B applied only from 1 April 1987. Reassessment was validly initiated where disclosed counter-sales had escaped proper assessment, as the statutory phrase "for any reason whatever" was wide enough to cover such cases. Case-Laws VAT and Sales Tax Tue, 27 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159272