https://www.taxtmi.com/caselaws?id=377458 Carbon dioxide supplied to a sister concern was treated as a sale for Tamil Nadu sales tax purposes, but turnover had to be confined to the actual consideration attributable to the supply and could not automatically follow the full excise invoice value. Excise valuation and sales tax valuation operate on different bases, so the amount collected towards the central excise duty component could be brought to tax, while the balance shown in the invoices could not. Best judgment enhancement was also rejected because the assessing authority had not recorded satisfaction of suppression or produced material showing understatement; suspicion, party relationship, or product value could not replace proof. en-us Thu, 20 Dec 2018 00:00:00 +0530 Sat, 30 Mar 2019 06:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377458 Carbon dioxide supplied to a sister concern was treated as a sale for Tamil Nadu sales tax purposes, but turnover had to be confined to the actual consideration attributable to the supply and could not automatically follow the full excise invoice value. Excise valuation and sales tax valuation operate on different bases, so the amount collected towards the central excise duty component could be brought to tax, while the balance shown in the invoices could not. Best judgment enhancement was also rejected because the assessing authority had not recorded satisfaction of suppression or produced material showing understatement; suspicion, party relationship, or product value could not replace proof. Case-Laws VAT and Sales Tax Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377458