https://www.taxtmi.com/caselaws?id=335486 An assessment based on a pre-assessment notice giving only three days to respond was found inadequate where the taxpayer needed time to produce records and object to disputed turnover additions. The assessment was therefore set aside in respect of the disputed turnover additions, interest and consequential penalty, and remitted for fresh consideration after granting further opportunity. The taxpayer's admitted liability for reversal of input tax credit on the accepted items was left undisturbed, as those admissions did not require interference. The operative effect is that only the admitted reversal component remains sustained, while the contested portions must be reconsidered after proper hearing. en-us Fri, 18 Nov 2016 00:00:00 +0530 Sat, 03 Dec 2016 06:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335486 An assessment based on a pre-assessment notice giving only three days to respond was found inadequate where the taxpayer needed time to produce records and object to disputed turnover additions. The assessment was therefore set aside in respect of the disputed turnover additions, interest and consequential penalty, and remitted for fresh consideration after granting further opportunity. The taxpayer's admitted liability for reversal of input tax credit on the accepted items was left undisturbed, as those admissions did not require interference. The operative effect is that only the admitted reversal component remains sustained, while the contested portions must be reconsidered after proper hearing. Case-Laws VAT and Sales Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335486