https://www.taxtmi.com/caselaws?id=168168 Audit assessment under rule 12(3) must be completed strictly on the basis of the audit visit report and the material contained in it; the assessing authority cannot import material from a vigilance report or other source. The limitation for escaped assessment does not control audit assessment, and the one-year period from receipt of the audit visit report remains applicable. The assessment was also held to have breached natural justice because the assessee was not given a reasonable opportunity to meet voluminous adverse material, and the dealer's stock transfer claim could not be rejected by generalising from selected transactions. The assessment was set aside and remanded for fresh audit assessment confined to the audit visit report. en-us Fri, 02 Dec 2011 00:00:00 +0530 Fri, 23 Jan 2015 17:59:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168168 Audit assessment under rule 12(3) must be completed strictly on the basis of the audit visit report and the material contained in it; the assessing authority cannot import material from a vigilance report or other source. The limitation for escaped assessment does not control audit assessment, and the one-year period from receipt of the audit visit report remains applicable. The assessment was also held to have breached natural justice because the assessee was not given a reasonable opportunity to meet voluminous adverse material, and the dealer's stock transfer claim could not be rejected by generalising from selected transactions. The assessment was set aside and remanded for fresh audit assessment confined to the audit visit report. Case-Laws VAT and Sales Tax Fri, 02 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168168