https://www.taxtmi.com/caselaws?id=327845 A binding departmental circular on belated revised returns was construed to permit computation of "additional tax liability" after adjusting input tax credit already available, rather than confining the expression to gross liability alone. The Karnataka HC rejected the Revenue's narrower reading as inconsistent with the ordinary meaning of the circular. The revisional authority's order was also found unsustainable because it had not properly applied the circular or earlier controlling decisions, so the adverse order was quashed and the revision was remitted for reconsideration after hearing the parties. en-us Mon, 22 Feb 2016 00:00:00 +0530 Wed, 18 Jan 2017 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327845 A binding departmental circular on belated revised returns was construed to permit computation of "additional tax liability" after adjusting input tax credit already available, rather than confining the expression to gross liability alone. The Karnataka HC rejected the Revenue's narrower reading as inconsistent with the ordinary meaning of the circular. The revisional authority's order was also found unsustainable because it had not properly applied the circular or earlier controlling decisions, so the adverse order was quashed and the revision was remitted for reconsideration after hearing the parties. Case-Laws VAT and Sales Tax Mon, 22 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327845