https://www.taxtmi.com/caselaws?id=771089 Binding departmental circulars governing Form III B had to be followed by the authorities when processing concessional purchase declarations and taking consequential assessment action. Liability under Section 3 B could not be imposed unless there was a specific finding that a particular Form III B was false or wrong; a general yearly assessment order without identifying the relevant form or transaction was insufficient. The provision required transaction-wise scrutiny, and the absence of any column in Form III B for the tax rate did not justify adverse inference against the dealer. The Tribunal's order was therefore set aside and the matter remanded for fresh decision by the assessing authority. en-us Mon, 19 May 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771089 Binding departmental circulars governing Form III B had to be followed by the authorities when processing concessional purchase declarations and taking consequential assessment action. Liability under Section 3 B could not be imposed unless there was a specific finding that a particular Form III B was false or wrong; a general yearly assessment order without identifying the relevant form or transaction was insufficient. The provision required transaction-wise scrutiny, and the absence of any column in Form III B for the tax rate did not justify adverse inference against the dealer. The Tribunal's order was therefore set aside and the matter remanded for fresh decision by the assessing authority. Case-Laws VAT / Sales Tax Mon, 19 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771089