https://www.taxtmi.com/caselaws?id=405197 Addition of alleged suppressed taxable turnover could not be sustained where the prescribed authority accepted the books of account, conducted no independent enquiry, and produced no material showing that the iron ore shortage represented actual unrecorded sales. Transit and handling loss during transport of iron ore fines and lumps was treated as inevitable, and the levy under the Karnataka Value Added Tax Act was applied to sale, not mere removal or shortage. An order passed under a different enactment with a distinct point of levy could not, by itself, justify taxation of turnover under the Act. The assessee's transit and handling loss claim was accepted as reasonable. en-us Fri, 26 Feb 2021 00:00:00 +0530 Mon, 20 Sep 2021 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405197 Addition of alleged suppressed taxable turnover could not be sustained where the prescribed authority accepted the books of account, conducted no independent enquiry, and produced no material showing that the iron ore shortage represented actual unrecorded sales. Transit and handling loss during transport of iron ore fines and lumps was treated as inevitable, and the levy under the Karnataka Value Added Tax Act was applied to sale, not mere removal or shortage. An order passed under a different enactment with a distinct point of levy could not, by itself, justify taxation of turnover under the Act. The assessee's transit and handling loss claim was accepted as reasonable. Case-Laws VAT and Sales Tax Fri, 26 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405197