https://www.taxtmi.com/caselaws?id=167745 Section 42(2) of the Kerala Value Added Tax Act permits revision of an annual return only to correct omissions or mistakes revealed by audit, with the revised return accompanied by the tax and interest due. That facility does not extend to a case where the Assessing Authority has already detected suppression of purchases and initiated proceedings for escaped turnover under section 25, which operates as an independent best judgment assessment provision. A notice under section 25 is not penal action, so the proviso to section 42 does not apply on that basis. The revision mechanism cannot be used to defeat escaped turnover proceedings, and the record did not show a timely revised return correcting audited figures. en-us Tue, 03 Jul 2012 00:00:00 +0530 Wed, 07 Jan 2015 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167745 Section 42(2) of the Kerala Value Added Tax Act permits revision of an annual return only to correct omissions or mistakes revealed by audit, with the revised return accompanied by the tax and interest due. That facility does not extend to a case where the Assessing Authority has already detected suppression of purchases and initiated proceedings for escaped turnover under section 25, which operates as an independent best judgment assessment provision. A notice under section 25 is not penal action, so the proviso to section 42 does not apply on that basis. The revision mechanism cannot be used to defeat escaped turnover proceedings, and the record did not show a timely revised return correcting audited figures. Case-Laws VAT and Sales Tax Tue, 03 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167745