https://www.taxtmi.com/caselaws?id=260302 Under section 3(4) of the Tamil Nadu Value Added Tax Act, liability must be assessed by reference to sales turnover of taxable goods, not purchase value. Where the dealer's sales turnover is below the statutory threshold, the assessing authority cannot invoke purchase value to fasten tax liability under that provision. On the admitted facts, the dealer's turnover remained below the limit, so the assessment lacked jurisdiction and was set aside. en-us Wed, 18 Mar 2015 00:00:00 +0530 Mon, 08 Jun 2015 08:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260302 Under section 3(4) of the Tamil Nadu Value Added Tax Act, liability must be assessed by reference to sales turnover of taxable goods, not purchase value. Where the dealer's sales turnover is below the statutory threshold, the assessing authority cannot invoke purchase value to fasten tax liability under that provision. On the admitted facts, the dealer's turnover remained below the limit, so the assessment lacked jurisdiction and was set aside. Case-Laws VAT and Sales Tax Wed, 18 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260302