https://www.taxtmi.com/caselaws?id=190090 The High Court addressed the Tribunal's determination of estimated turnover on a single transaction, noting the lack of reasoning for imposing twenty times the tax payable. Relying on a previous decision, the Court emphasized the need for a logical basis in Tribunal decisions, remitting the matter for a fresh decision with specific instructions. The Court stayed the demand pending the new decision, specifying a deposit amount and timeline. The revision was disposed of, with orders for counsel notification. en-us Wed, 22 Jul 2015 00:00:00 +0530 Mon, 06 Feb 2017 10:32:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190090 The High Court addressed the Tribunal's determination of estimated turnover on a single transaction, noting the lack of reasoning for imposing twenty times the tax payable. Relying on a previous decision, the Court emphasized the need for a logical basis in Tribunal decisions, remitting the matter for a fresh decision with specific instructions. The Court stayed the demand pending the new decision, specifying a deposit amount and timeline. The revision was disposed of, with orders for counsel notification. Case-Laws VAT and Sales Tax Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190090