https://www.taxtmi.com/caselaws?id=186697 Rule 3C of the Kerala Tax on Luxuries Rules, 1976 could not operate retrospectively for assessment year 2005-06, but it could still be used as a best judgment yardstick where the assessee failed to produce material separating the components of consolidated banquet charges and the charging provision remained effective. The assessment based on that computational method was therefore sustained in principle. However, VAT already paid on the banquet sales, to the extent it formed part of the consolidated charges, had to be credited against luxury tax liability. The assessment was set aside for limited re-determination after granting such VAT adjustment. en-us Fri, 29 May 2015 00:00:00 +0530 Wed, 11 Jan 2017 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186697 Rule 3C of the Kerala Tax on Luxuries Rules, 1976 could not operate retrospectively for assessment year 2005-06, but it could still be used as a best judgment yardstick where the assessee failed to produce material separating the components of consolidated banquet charges and the charging provision remained effective. The assessment based on that computational method was therefore sustained in principle. However, VAT already paid on the banquet sales, to the extent it formed part of the consolidated charges, had to be credited against luxury tax liability. The assessment was set aside for limited re-determination after granting such VAT adjustment. Case-Laws VAT and Sales Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186697