https://www.taxtmi.com/caselaws?id=391051 Assessment under the Karnataka VAT regime must conform to the applicable statutory tax period. Where Rule 37 treats the relevant dealer's periods as monthly, an annual consolidated best-judgment assessment under section 38(7) is inconsistent with the statutory scheme. The Karnataka High Court held that such a consolidated annual assessment could not be sustained, quashed the assessment order, and remitted the matter to the authority for fresh assessment in accordance with law after giving a reasonable opportunity of hearing. en-us Thu, 26 Sep 2019 00:00:00 +0530 Sat, 18 Jan 2020 10:11:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391051 Assessment under the Karnataka VAT regime must conform to the applicable statutory tax period. Where Rule 37 treats the relevant dealer's periods as monthly, an annual consolidated best-judgment assessment under section 38(7) is inconsistent with the statutory scheme. The Karnataka High Court held that such a consolidated annual assessment could not be sustained, quashed the assessment order, and remitted the matter to the authority for fresh assessment in accordance with law after giving a reasonable opportunity of hearing. Case-Laws VAT and Sales Tax Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391051