https://www.taxtmi.com/caselaws?id=249706 Additional income admitted before income-tax authorities and linked to hotel sales activity was treated as suppressed sales turnover under the Karnataka Value Added Tax Act, because the admission and records showed undisclosed business receipts rather than an unrelated source. The revisional authority was found competent to compute taxable turnover and levy tax on the basis of the assessee's own statement, balance-sheet entries, and undisputed material, without resorting to conjecture. Remand to the assessing authority was held unnecessary because the factual basis for levy was already admitted and no further enquiry was required. en-us Wed, 13 Mar 2013 00:00:00 +0530 Mon, 21 Jul 2014 09:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249706 Additional income admitted before income-tax authorities and linked to hotel sales activity was treated as suppressed sales turnover under the Karnataka Value Added Tax Act, because the admission and records showed undisclosed business receipts rather than an unrelated source. The revisional authority was found competent to compute taxable turnover and levy tax on the basis of the assessee's own statement, balance-sheet entries, and undisputed material, without resorting to conjecture. Remand to the assessing authority was held unnecessary because the factual basis for levy was already admitted and no further enquiry was required. Case-Laws VAT and Sales Tax Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249706