https://www.taxtmi.com/caselaws?id=200122 Assessment under the Bihar VAT Act must be made on the actual sale price of goods, not on a notional or disputed revised MRP. Where the assessee contended that sales were effected below the revised MRP, the assessing authority was required to examine that factual basis before fixing VAT liability. Because the assessment orders did not clearly address whether the revised MRP was actually printed or whether tax had been computed on the actual sale price, they were not sustainable in their present form and were quashed. The matter was directed for fresh consideration in accordance with law. en-us Tue, 29 Mar 2016 00:00:00 +0530 Wed, 21 Mar 2018 17:59:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200122 Assessment under the Bihar VAT Act must be made on the actual sale price of goods, not on a notional or disputed revised MRP. Where the assessee contended that sales were effected below the revised MRP, the assessing authority was required to examine that factual basis before fixing VAT liability. Because the assessment orders did not clearly address whether the revised MRP was actually printed or whether tax had been computed on the actual sale price, they were not sustainable in their present form and were quashed. The matter was directed for fresh consideration in accordance with law. Case-Laws VAT and Sales Tax Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200122