1990 (8) TMI 357 - HC - VAT and Sales Tax

Summary

The High Court of Orissa addressed a reference under section 24(1) of the Orissa Sales Tax Act, 1947, regarding the justification of utilizing a report of deficiency detected after the assessment year. The Court ruled in favor of the Revenue, stating that deficiency found after the year's expiry can still be considered in the assessment. The Tribunal is now tasked with rehearing the appeal on the correctness of the estimate under section 24(5) of the Act. No costs were awarded.