https://www.taxtmi.com/caselaws?id=441914 Best judgment reassessment under Section 25(1) of the Kerala Value Added Tax Act, 2003 is sustainable only where there is escaped taxable turnover or underassessment of goods liable to tax. Electricity is excluded from the definition of goods, so a return relating to electricity does not by itself establish escaped assessment, even if it appears in the First Schedule. The materials also supported the finding that one windmill was transported in knocked-down condition under a single invoice rather than three separate sales. On that basis, the assessment order and consequential proceedings were unsustainable and were set aside. en-us Tue, 01 Aug 2023 00:00:00 +0530 Mon, 21 Aug 2023 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441914 Best judgment reassessment under Section 25(1) of the Kerala Value Added Tax Act, 2003 is sustainable only where there is escaped taxable turnover or underassessment of goods liable to tax. Electricity is excluded from the definition of goods, so a return relating to electricity does not by itself establish escaped assessment, even if it appears in the First Schedule. The materials also supported the finding that one windmill was transported in knocked-down condition under a single invoice rather than three separate sales. On that basis, the assessment order and consequential proceedings were unsustainable and were set aside. Case-Laws VAT and Sales Tax Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441914