https://www.taxtmi.com/caselaws?id=164834 A VAT dispute over whether a US dollar exchange-rate differential formed part of the purchase price or taxable turnover could not be conclusively resolved because the record lacked the agreed purchase price, actual bank payment and relevant exchange rate details. In the absence of those critical facts and supporting documents, the taxability of the differential amount could not be sustained on the existing material. The assessment and revisional orders were therefore set aside, and the matter was remitted for fresh adjudication on complete evidence. en-us Thu, 06 Jan 2011 00:00:00 +0530 Thu, 18 Sep 2014 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164834 A VAT dispute over whether a US dollar exchange-rate differential formed part of the purchase price or taxable turnover could not be conclusively resolved because the record lacked the agreed purchase price, actual bank payment and relevant exchange rate details. In the absence of those critical facts and supporting documents, the taxability of the differential amount could not be sustained on the existing material. The assessment and revisional orders were therefore set aside, and the matter was remitted for fresh adjudication on complete evidence. Case-Laws VAT and Sales Tax Thu, 06 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164834