https://www.taxtmi.com/caselaws?id=354313 In works contract assessments under the Tamil Nadu VAT regime, the Tribunal accepted the conventional use of 10% notional gross profit to estimate deemed sales turnover where proper accounts and supporting records were not maintained or produced. It also noted that the value of goods transferred can include purchase cost, transport and incidental expenses, together with the relatable profit element. The natural justice challenge failed because the estimate was not treated as separately disclosed material requiring further procedural safeguards, and no statutory basis was shown for insisting on additional disclosure before applying the conventional percentage. The Tribunal's orders were upheld and the revisions were dismissed. en-us Wed, 10 Jan 2018 00:00:00 +0530 Mon, 05 Nov 2018 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354313 In works contract assessments under the Tamil Nadu VAT regime, the Tribunal accepted the conventional use of 10% notional gross profit to estimate deemed sales turnover where proper accounts and supporting records were not maintained or produced. It also noted that the value of goods transferred can include purchase cost, transport and incidental expenses, together with the relatable profit element. The natural justice challenge failed because the estimate was not treated as separately disclosed material requiring further procedural safeguards, and no statutory basis was shown for insisting on additional disclosure before applying the conventional percentage. The Tribunal's orders were upheld and the revisions were dismissed. Case-Laws VAT and Sales Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354313