https://www.taxtmi.com/caselaws?id=162199 The Tribunal set aside the orders of the assessing and appellate authorities regarding tax assessment based on gross turnover and valuation of timber. It directed a fresh assessment by the Commercial Tax Officer, emphasizing consideration of prevailing market prices and providing the petitioner with a fair opportunity to present their case. The decision highlighted the need for proper assessment based on market values and reasoned decision-making by the authorities. en-us Fri, 26 Sep 2003 00:00:00 +0530 Thu, 20 Feb 2014 17:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162199 The Tribunal set aside the orders of the assessing and appellate authorities regarding tax assessment based on gross turnover and valuation of timber. It directed a fresh assessment by the Commercial Tax Officer, emphasizing consideration of prevailing market prices and providing the petitioner with a fair opportunity to present their case. The decision highlighted the need for proper assessment based on market values and reasoned decision-making by the authorities. Case-Laws VAT and Sales Tax Fri, 26 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162199