9911796707
TMI Blog2017 (1) TMI 912X X X X Extracts X X X X X X X X Extracts X X X X ..... imed exemption under Rule 10 for a turnover of ₹ 7,76,35,006/-. Almost 85% of contract receipt was claimed as deduction - books of accounts of dealer did not substantiate the claim of deduction - Held that: - The Appellate Authority, on a prima facie consideration, found that there was no substantiating documents to prove the deduction and the books of accounts did not reveal the entire dedu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the balance tax and interest demanded for the year 2013-14. The petitioner's contention is that a composite notice was issued, which was against the decisions of this Court and that the petitioner was not granted sufficient opportunity to substantiate the contention of deductions under Rule 10 of the Kerala Value Added Tax Rules, 2005 [for brevity KVAT Rules ]. 2. A reading of Exhibit P4 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioner produced the books of accounts on 26.09.2016 and the petitioner was also heard. It was after looking into the books of accounts that the Assessing Officer found that there was no supporting evidence to substantiate the claim for deduction. It was in such circumstance that deduction of 25% was allowed as per Rule 10(2)(b) and the assessment made. 4. The Appellate Authority, on a prima faci ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
