https://www.taxtmi.com/caselaws?id=337830 Undervaluation could not be inferred by comparing the dealer's second quality pepper purchases with the market price of first quality pepper, because the factual finding on quality was not shown to be perverse. On that basis, revisionary interference with the First Appellate Authority's direction to accept the books of account and revise the assessment was unwarranted under the Kerala Value Added Tax Act. The Tribunal's observation that acceptance of the value declared by the dealer would always conclusively defeat the allegation was noted as overbroad, but it did not alter the result. The challenge failed and the appellate order was sustained. en-us Fri, 10 Jun 2016 00:00:00 +0530 Thu, 19 Jan 2017 08:28:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337830 Undervaluation could not be inferred by comparing the dealer's second quality pepper purchases with the market price of first quality pepper, because the factual finding on quality was not shown to be perverse. On that basis, revisionary interference with the First Appellate Authority's direction to accept the books of account and revise the assessment was unwarranted under the Kerala Value Added Tax Act. The Tribunal's observation that acceptance of the value declared by the dealer would always conclusively defeat the allegation was noted as overbroad, but it did not alter the result. The challenge failed and the appellate order was sustained. Case-Laws VAT and Sales Tax Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337830