https://www.taxtmi.com/caselaws?id=371712 Section 67 of the Kerala Value Added Tax Act does not authorise the Intelligence Officer, in penalty proceedings, to make a best judgment estimate of taxable turnover from electricity consumption, LPG consumption, vehicle capacity, or similar surrounding materials. Penalty may follow where evasion is clearly established from materials recovered on inspection, but where the amount allegedly evaded cannot be quantified on the available record, the officer is confined to the statutory penalty mechanism. Estimation of turnover remains a function of assessment proceedings and belongs to the Assessing Officer. Earlier Division Bench decisions were treated as fact-specific and not as displacing the binding precedent on this point. en-us Thu, 06 Sep 2018 00:00:00 +0530 Tue, 18 Dec 2018 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371712 Section 67 of the Kerala Value Added Tax Act does not authorise the Intelligence Officer, in penalty proceedings, to make a best judgment estimate of taxable turnover from electricity consumption, LPG consumption, vehicle capacity, or similar surrounding materials. Penalty may follow where evasion is clearly established from materials recovered on inspection, but where the amount allegedly evaded cannot be quantified on the available record, the officer is confined to the statutory penalty mechanism. Estimation of turnover remains a function of assessment proceedings and belongs to the Assessing Officer. Earlier Division Bench decisions were treated as fact-specific and not as displacing the binding precedent on this point. Case-Laws VAT and Sales Tax Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371712