https://www.taxtmi.com/caselaws?id=311998 The Jharkhand HC allowed a petition challenging a VAT assessment order where the Commercial Taxes Department levied tax on hypothetical rather than actual sale price. The court found that the assessment order dated 26.2.2013, imposing Rs. 3,47,38,258.54 as tax and interest, was passed without providing adequate opportunity of hearing to the petitioner. Despite conflicting claims about whether representatives appeared before the assessing authority, the court held that given the serious civil consequences, sufficient opportunity should have been afforded. The order violated principles of natural justice and was remitted back to the Assessing Officer for fresh decision after proper hearing. en-us Tue, 25 Feb 2014 00:00:00 +0530 Sat, 27 Jan 2024 08:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311998 The Jharkhand HC allowed a petition challenging a VAT assessment order where the Commercial Taxes Department levied tax on hypothetical rather than actual sale price. The court found that the assessment order dated 26.2.2013, imposing Rs. 3,47,38,258.54 as tax and interest, was passed without providing adequate opportunity of hearing to the petitioner. Despite conflicting claims about whether representatives appeared before the assessing authority, the court held that given the serious civil consequences, sufficient opportunity should have been afforded. The order violated principles of natural justice and was remitted back to the Assessing Officer for fresh decision after proper hearing. Case-Laws VAT and Sales Tax Tue, 25 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311998