https://www.taxtmi.com/caselaws?id=245247 Assessment, penalty and interest cannot be finalised without a full and effective opportunity for the dealer to produce books of account and supporting records. The Court held that a realistic assessment must be based on proper disclosure and due consideration of the available materials, especially where adverse fiscal consequences follow. As the dealer was not given a meaningful opportunity commensurate with the levy imposed, the assessment orders and consequential demand notices were quashed and the matter was remitted for fresh consideration after permitting production of all relevant records. en-us Tue, 04 Mar 2014 00:00:00 +0530 Mon, 24 Mar 2014 14:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245247 Assessment, penalty and interest cannot be finalised without a full and effective opportunity for the dealer to produce books of account and supporting records. The Court held that a realistic assessment must be based on proper disclosure and due consideration of the available materials, especially where adverse fiscal consequences follow. As the dealer was not given a meaningful opportunity commensurate with the levy imposed, the assessment orders and consequential demand notices were quashed and the matter was remitted for fresh consideration after permitting production of all relevant records. Case-Laws VAT and Sales Tax Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245247