https://www.taxtmi.com/caselaws?id=164560 Reassessment for escaped turnover was treated as timely where notice was issued within the applicable limitation period under the Karnataka Sales Tax Act. The record also showed service of notice, production of documents, and an opportunity to participate, so no breach of natural justice was found. On the facts, penalty linked to escaped turnover was sustained, and undisclosed stock transfer was taxed as an inter-State sale because it was not properly disclosed in the declaration. The revision petitions therefore failed and the assessment, penalty, and tax levy remained undisturbed. en-us Thu, 02 Apr 2009 00:00:00 +0530 Sat, 26 Apr 2014 09:49:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164560 Reassessment for escaped turnover was treated as timely where notice was issued within the applicable limitation period under the Karnataka Sales Tax Act. The record also showed service of notice, production of documents, and an opportunity to participate, so no breach of natural justice was found. On the facts, penalty linked to escaped turnover was sustained, and undisclosed stock transfer was taxed as an inter-State sale because it was not properly disclosed in the declaration. The revision petitions therefore failed and the assessment, penalty, and tax levy remained undisturbed. Case-Laws VAT and Sales Tax Thu, 02 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164560