https://www.taxtmi.com/caselaws?id=281652 Commercial documents must be read as a whole, and the operative agreement, debit notes and surrounding conduct showed a purchase of shrimps/catch rather than a bare trawler lease. The agreement required HLL to buy the catch from four trawlers, treated payments as sale consideration, and allocated taxes and duties on sale transactions to HLL. The absence of a fresh show-cause notice after remand did not vitiate reassessment or penalty because the taxable event was already evident from the existing material and the remand covered fresh consideration on that record. HLL's failure to produce books and vouchers after remand justified adverse inference, and the penalty for wilful suppression was sustained. en-us Fri, 08 Jun 2018 00:00:00 +0530 Sat, 29 Jun 2019 05:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281652 Commercial documents must be read as a whole, and the operative agreement, debit notes and surrounding conduct showed a purchase of shrimps/catch rather than a bare trawler lease. The agreement required HLL to buy the catch from four trawlers, treated payments as sale consideration, and allocated taxes and duties on sale transactions to HLL. The absence of a fresh show-cause notice after remand did not vitiate reassessment or penalty because the taxable event was already evident from the existing material and the remand covered fresh consideration on that record. HLL's failure to produce books and vouchers after remand justified adverse inference, and the penalty for wilful suppression was sustained. Case-Laws VAT and Sales Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281652