https://www.taxtmi.com/caselaws?id=167867 In a best judgment assessment under the Kerala Value Added Tax Act, net tax liability must be computed after allowing rebate of purchase tax under section 12(1)(a). Rule 38(5), later inserted to recognise proportionate special rebate where turnover is determined on estimate, was treated as clarificatory rather than as creating a new right confined to later periods. On that basis, rebate remained available even for an assessment based on estimated turnover for an earlier return period, and the tax authority was directed to grant the purchase tax rebate against the tax payable. en-us Tue, 31 Jan 2012 00:00:00 +0530 Fri, 09 Jan 2015 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167867 In a best judgment assessment under the Kerala Value Added Tax Act, net tax liability must be computed after allowing rebate of purchase tax under section 12(1)(a). Rule 38(5), later inserted to recognise proportionate special rebate where turnover is determined on estimate, was treated as clarificatory rather than as creating a new right confined to later periods. On that basis, rebate remained available even for an assessment based on estimated turnover for an earlier return period, and the tax authority was directed to grant the purchase tax rebate against the tax payable. Case-Laws VAT and Sales Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167867