https://www.taxtmi.com/caselaws?id=335419 A revisional authority in a VAT assessment matter must record adequate reasons and undertake proper fact-finding before restoring the assessing officer's turnover figure, especially where the taxable proportion of food and drink sales is in dispute. As the authority had not properly re-examined the basis for the percentage of taxable sales, the revisional order was set aside and the matter remanded for limited reconsideration. Pending fresh decision, the business was allowed to operate a frozen bank account on furnishing security, reflecting a balance between revenue protection and continuity of operations. en-us Fri, 01 Apr 2016 00:00:00 +0530 Thu, 22 Mar 2018 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335419 A revisional authority in a VAT assessment matter must record adequate reasons and undertake proper fact-finding before restoring the assessing officer's turnover figure, especially where the taxable proportion of food and drink sales is in dispute. As the authority had not properly re-examined the basis for the percentage of taxable sales, the revisional order was set aside and the matter remanded for limited reconsideration. Pending fresh decision, the business was allowed to operate a frozen bank account on furnishing security, reflecting a balance between revenue protection and continuity of operations. Case-Laws VAT and Sales Tax Fri, 01 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335419