https://www.taxtmi.com/caselaws?id=306870 An assessment based on the Indian Bureau of Mines rate and comparative dealer prices for iron ore could not stand without a categorical finding that the dealer had concealed turnover or actually sold the goods at a higher price than disclosed. The text notes that prior appellate and remand orders for later years had rejected use of the benchmark without examining the grade of ore, the nature of the goods sold, and whether a processing or screening plant existed. On that basis, the assessment and appellate orders were set aside and the matter was remanded to the Assessing Officer for fresh consideration of the factual foundation for invoking the valuation provision. en-us Mon, 08 Aug 2022 00:00:00 +0530 Thu, 02 Mar 2023 20:59:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306870 An assessment based on the Indian Bureau of Mines rate and comparative dealer prices for iron ore could not stand without a categorical finding that the dealer had concealed turnover or actually sold the goods at a higher price than disclosed. The text notes that prior appellate and remand orders for later years had rejected use of the benchmark without examining the grade of ore, the nature of the goods sold, and whether a processing or screening plant existed. On that basis, the assessment and appellate orders were set aside and the matter was remanded to the Assessing Officer for fresh consideration of the factual foundation for invoking the valuation provision. Case-Laws VAT and Sales Tax Mon, 08 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306870