https://www.taxtmi.com/caselaws?id=278982 Revision of an annual return under the KVAT regime is an enabling mechanism to correct bona fide omissions or mistakes reflected in audited figures, and it cannot be refused merely because the correction alters turnover. The decisive limit is whether penal or analogous departmental proceedings have already been initiated; where no assessment or penalty proceedings were pending and the request was made promptly after filing the audited statement, the assessee was entitled to revise the return. The objection based only on possible turnover variation was insufficient, and the refusal to permit revision was set aside. en-us Mon, 13 Aug 2018 00:00:00 +0530 Wed, 27 Feb 2019 06:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278982 Revision of an annual return under the KVAT regime is an enabling mechanism to correct bona fide omissions or mistakes reflected in audited figures, and it cannot be refused merely because the correction alters turnover. The decisive limit is whether penal or analogous departmental proceedings have already been initiated; where no assessment or penalty proceedings were pending and the request was made promptly after filing the audited statement, the assessee was entitled to revise the return. The objection based only on possible turnover variation was insufficient, and the refusal to permit revision was set aside. Case-Laws VAT and Sales Tax Mon, 13 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278982