2019 (3) TMI 299

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....HEEN For The Respondent : ADVS. SRI. K. S. HARIHARAN NAIR, SRI. K. UMA MAHESWAR AND SRI. S. ANIL KUMAR ORDER Vinod Chandran, J The question arises in the above revision is as to the correct interpretation to be placed on the holding of stock as it appears under Section 8(f)(ii) of the Kerala Value Added Tax Act 2003 at the relevant time. We extract herein the provision as available from the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....had a closing stock of 87332.467 grams in the assessment year 2009-10. What assumes significance according to the learned Senior Government Pleader is that the sales effected by the assessee in the year 2008-09 is 37416.250 where as in the subject assessment year, the sales went up to 477942.563 gms. Hence necessarily the stock held would have to be double the stock that was held in the previous y....