https://www.taxtmi.com/caselaws?id=163919 Additional sales tax could not be levied on the basis of excise assessable value or any other hypothetical price when the actual completed sale reflected a disclosed consideration. The governing principle applied was that sales tax must bear a real nexus to the taxable sale and the price actually received or receivable, and a notional value cannot replace the contract price. The Revenue was required to prove under-billing or extra collection from the invoices, returns, and books of account, but no such material was shown. The declared sale price therefore remained the proper tax base, and the assessee succeeded. en-us Mon, 17 Nov 2008 00:00:00 +0530 Mon, 24 Nov 2014 19:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163919 Additional sales tax could not be levied on the basis of excise assessable value or any other hypothetical price when the actual completed sale reflected a disclosed consideration. The governing principle applied was that sales tax must bear a real nexus to the taxable sale and the price actually received or receivable, and a notional value cannot replace the contract price. The Revenue was required to prove under-billing or extra collection from the invoices, returns, and books of account, but no such material was shown. The declared sale price therefore remained the proper tax base, and the assessee succeeded. Case-Laws VAT and Sales Tax Mon, 17 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163919