https://www.taxtmi.com/caselaws?id=163243 Section 19B of the Kerala General Sales Tax Act, 1963 permits the assessing authority to reject declared consideration and estimate turnover on the prevailing market price where it is satisfied, after due enquiry and hearing, that goods have been shown at a lower price with a view to evade tax. On the facts stated, the declared sale arrangement was treated as a colourable device by the manufacturer and brand name holder to suppress the real taxable turnover and shift the first-sale structure to avoid tax. The Kerala High Court upheld the assessment, sustained the market-price based estimation, and rejected the challenge to the impugned orders. en-us Fri, 14 Dec 2007 00:00:00 +0530 Wed, 17 Dec 2014 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163243 Section 19B of the Kerala General Sales Tax Act, 1963 permits the assessing authority to reject declared consideration and estimate turnover on the prevailing market price where it is satisfied, after due enquiry and hearing, that goods have been shown at a lower price with a view to evade tax. On the facts stated, the declared sale arrangement was treated as a colourable device by the manufacturer and brand name holder to suppress the real taxable turnover and shift the first-sale structure to avoid tax. The Kerala High Court upheld the assessment, sustained the market-price based estimation, and rejected the challenge to the impugned orders. Case-Laws VAT and Sales Tax Fri, 14 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163243