https://www.taxtmi.com/caselaws?id=349333 A valid Form F declaration under the Central Sales Tax Act gives conclusive effect to the acceptance of a stock transfer as otherwise than an inter-State sale, and reassessment cannot be widened into a roving enquiry on contemporaneous documents alone. In the absence of any allegation of fraud, misrepresentation or collusion, the reassessment powers under the State sales tax law could not be used to disturb the declared stock transfer turnover. The Madras HC therefore held that the reassessment was not sustainable and set aside the turnover addition in favour of the assessee. en-us Tue, 01 Aug 2017 00:00:00 +0530 Thu, 12 Oct 2017 08:18:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349333 A valid Form F declaration under the Central Sales Tax Act gives conclusive effect to the acceptance of a stock transfer as otherwise than an inter-State sale, and reassessment cannot be widened into a roving enquiry on contemporaneous documents alone. In the absence of any allegation of fraud, misrepresentation or collusion, the reassessment powers under the State sales tax law could not be used to disturb the declared stock transfer turnover. The Madras HC therefore held that the reassessment was not sustainable and set aside the turnover addition in favour of the assessee. Case-Laws VAT and Sales Tax Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349333