https://www.taxtmi.com/caselaws?id=165615 Under the Kerala Value Added Tax Act compounding provision for ornament dealers, the "highest tax payable" for the relevant preceding three years must be computed on the basis of tax admitted in the return or accounts, not on assessed tax or best judgment assessment. The assessing authority's role is confined to comparing the return with the accounts and adopting the higher figure where the accounts show greater turnover or tax liability. Because the statute does not permit substitution of an assessed demand as the benchmark, the department cannot import a basis not provided by the provision. The Tribunal's view was upheld. en-us Mon, 24 Jan 2011 00:00:00 +0530 Wed, 17 Sep 2014 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165615 Under the Kerala Value Added Tax Act compounding provision for ornament dealers, the "highest tax payable" for the relevant preceding three years must be computed on the basis of tax admitted in the return or accounts, not on assessed tax or best judgment assessment. The assessing authority's role is confined to comparing the return with the accounts and adopting the higher figure where the accounts show greater turnover or tax liability. Because the statute does not permit substitution of an assessed demand as the benchmark, the department cannot import a basis not provided by the provision. The Tribunal's view was upheld. Case-Laws VAT and Sales Tax Mon, 24 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165615