https://www.taxtmi.com/caselaws?id=184274 Escaped turnover estimated in reassessment under the Kerala Value Added Tax Act was upheld where suppression had been noticed in soft drinks, snacks and provisions and compounding had followed. The assessing authority estimated suppressed cooked food and beverage turnover at 15 per cent of liquor sales; the first appellate authority reduced that figure without basis, and the Tribunal restored the original assessment. The court found the reduction unsustainable and held that the estimation method was neither unreasonable nor illegal in light of the admitted turnover and the suppression detected. No substantial question of law arose, and the Tribunal's restoration of the assessment was sustained. en-us Mon, 20 Jan 2014 00:00:00 +0530 Mon, 04 Jul 2016 16:06:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184274 Escaped turnover estimated in reassessment under the Kerala Value Added Tax Act was upheld where suppression had been noticed in soft drinks, snacks and provisions and compounding had followed. The assessing authority estimated suppressed cooked food and beverage turnover at 15 per cent of liquor sales; the first appellate authority reduced that figure without basis, and the Tribunal restored the original assessment. The court found the reduction unsustainable and held that the estimation method was neither unreasonable nor illegal in light of the admitted turnover and the suppression detected. No substantial question of law arose, and the Tribunal's restoration of the assessment was sustained. Case-Laws VAT and Sales Tax Mon, 20 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184274