https://www.taxtmi.com/caselaws?id=352616 Madras HC held that Section 55 of the Tamil Nadu General Sales Tax Act, 1959 permits rectification of an error apparent on the record and, after notice and hearing, even enhancement of assessment. The authority could therefore correct the computation of taxable turnover, as the issue went beyond a mere clerical mistake and fell within the statutory rectification power. The Court also held that, for additional sales tax, taxable turnover had to be computed on the basis of the entire financial year, since the tax scheme treats the year as the financial year. The rectification order was upheld and the writ petition dismissed. en-us Wed, 06 Dec 2017 00:00:00 +0530 Tue, 19 Dec 2017 09:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352616 Madras HC held that Section 55 of the Tamil Nadu General Sales Tax Act, 1959 permits rectification of an error apparent on the record and, after notice and hearing, even enhancement of assessment. The authority could therefore correct the computation of taxable turnover, as the issue went beyond a mere clerical mistake and fell within the statutory rectification power. The Court also held that, for additional sales tax, taxable turnover had to be computed on the basis of the entire financial year, since the tax scheme treats the year as the financial year. The rectification order was upheld and the writ petition dismissed. Case-Laws VAT and Sales Tax Wed, 06 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352616