https://www.taxtmi.com/caselaws?id=470320 Under the Tamil Nadu Value Added Tax Act, revision proceedings based on an enforcement-wing inspection must await the date on which the return is deemed assessed where they are not best-judgment assessments. A revision notice issued earlier is premature and unsustainable. An assessment must also address material objections to the method used for computing stock difference and provide reasons for rejecting them. Cryptic rejection of objections, without explaining the formula-based computation, denies the assessee knowledge of the grounds for rejection and breaches principles of natural justice. The assessment requires fresh consideration with credit for amounts already paid. en-us Thu, 26 Jul 2018 00:00:00 +0530 Thu, 23 Jul 2026 11:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470320 Under the Tamil Nadu Value Added Tax Act, revision proceedings based on an enforcement-wing inspection must await the date on which the return is deemed assessed where they are not best-judgment assessments. A revision notice issued earlier is premature and unsustainable. An assessment must also address material objections to the method used for computing stock difference and provide reasons for rejecting them. Cryptic rejection of objections, without explaining the formula-based computation, denies the assessee knowledge of the grounds for rejection and breaches principles of natural justice. The assessment requires fresh consideration with credit for amounts already paid. Case-Laws VAT / Sales Tax Thu, 26 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470320