https://www.taxtmi.com/caselaws?id=166550 Section 64(2) of the Karnataka Value Added Tax Act, 2003 confers wide revisional power on the Commissioner where an order is erroneous and prejudicial to revenue, including the power to enhance, modify, cancel, or direct fresh assessment. Applied to an advance ruling on works contract taxation stated in overly general terms, the provision permits the Commissioner to set aside the ruling and leave fact-dependent matters, such as the nature and transfer of materials in execution of the contract, to the assessing authority. The legal effect is that the revisional order can validly preserve the governing legal position while remitting factual tax determination for assessment. en-us Thu, 06 Jan 2011 00:00:00 +0530 Thu, 09 Oct 2014 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166550 Section 64(2) of the Karnataka Value Added Tax Act, 2003 confers wide revisional power on the Commissioner where an order is erroneous and prejudicial to revenue, including the power to enhance, modify, cancel, or direct fresh assessment. Applied to an advance ruling on works contract taxation stated in overly general terms, the provision permits the Commissioner to set aside the ruling and leave fact-dependent matters, such as the nature and transfer of materials in execution of the contract, to the assessing authority. The legal effect is that the revisional order can validly preserve the governing legal position while remitting factual tax determination for assessment. Case-Laws VAT and Sales Tax Thu, 06 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166550