https://www.taxtmi.com/caselaws?id=164841 A compounded liquor tax scheme computed on the purchase price of liquor sold during the relevant year includes opening stock sold in that year and excludes closing stock. Excluding opening stock from the purchase turnover was contrary to the mandatory statutory scheme, so the error was a patent mistake capable of correction in rectification proceedings under section 43. The rectification was therefore valid, and the assessment was lawfully amended to include the opening stock in the turnover for levy under section 7, with the issue decided in favour of the Revenue. en-us Mon, 22 Mar 2010 00:00:00 +0530 Mon, 13 Oct 2014 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164841 A compounded liquor tax scheme computed on the purchase price of liquor sold during the relevant year includes opening stock sold in that year and excludes closing stock. Excluding opening stock from the purchase turnover was contrary to the mandatory statutory scheme, so the error was a patent mistake capable of correction in rectification proceedings under section 43. The rectification was therefore valid, and the assessment was lawfully amended to include the opening stock in the turnover for levy under section 7, with the issue decided in favour of the Revenue. Case-Laws VAT and Sales Tax Mon, 22 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164841