https://www.taxtmi.com/caselaws?id=350012 Revised VAT returns filed under Rule 131 disclosing additional net tax liability after adjustment of input tax credit had to be examined in light of binding precedent. The reassessment order was unsustainable because it gave only a cursory reference to the controlling Division Bench ruling and did not apply its ratio to each tax period or record reasoned findings. Constitutional court decisions must be addressed through proper reasoning, not passing mention. The order was set aside and the matter remanded to the Assessing Authority to accept the revised returns and pass fresh month-wise orders after considering the assessee's objections and the binding precedent. en-us Mon, 09 Oct 2017 00:00:00 +0530 Fri, 31 Aug 2018 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350012 Revised VAT returns filed under Rule 131 disclosing additional net tax liability after adjustment of input tax credit had to be examined in light of binding precedent. The reassessment order was unsustainable because it gave only a cursory reference to the controlling Division Bench ruling and did not apply its ratio to each tax period or record reasoned findings. Constitutional court decisions must be addressed through proper reasoning, not passing mention. The order was set aside and the matter remanded to the Assessing Authority to accept the revised returns and pass fresh month-wise orders after considering the assessee's objections and the binding precedent. Case-Laws VAT and Sales Tax Mon, 09 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350012