https://www.taxtmi.com/caselaws?id=200185 Audit assessment under the Kerala Value Added Tax Act permitted additions for suppressed turnover where the assessment rested on specific delivery notes, the assessee's own admission that the books were not true and correct, and compounding of the offence with payment of tax and compounding fee. The High Court noted that such additions were supported by documentary material and admissions, not mere suspicion. It also clarified that the hearing requirement in section 24(1)(c) does not create a further right to verify alleged variations in the presence of the Assessing Authority; once notice and hearing are afforded, the assessee must place supporting material, and the best judgment power cannot be curtailed by such a procedural demand. en-us Wed, 21 Dec 2016 00:00:00 +0530 Fri, 23 Mar 2018 10:07:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200185 Audit assessment under the Kerala Value Added Tax Act permitted additions for suppressed turnover where the assessment rested on specific delivery notes, the assessee's own admission that the books were not true and correct, and compounding of the offence with payment of tax and compounding fee. The High Court noted that such additions were supported by documentary material and admissions, not mere suspicion. It also clarified that the hearing requirement in section 24(1)(c) does not create a further right to verify alleged variations in the presence of the Assessing Authority; once notice and hearing are afforded, the assessee must place supporting material, and the best judgment power cannot be curtailed by such a procedural demand. Case-Laws VAT and Sales Tax Wed, 21 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200185