Raising unpaid tax demands - recovery of short paid tax - ...

AO Exceeds Authority by Using Section 25(1)(a) TNVAT Act to Tax Excluded Dealer Discounts from Taxable Turnover.

February 13, 2021

Case Laws VAT and Sales Tax HC

Raising unpaid tax demands - recovery of short paid tax - According to the AO, the petitioner could not have excluded the discounts passed on to the dealers from his taxable turnover and to that extent the assessee had declared turnover less than the actual turnover. Even if the Assessing Officer is correct in so contending, it is not under Section 25(1)(a) of the Act that he can bring such turnover to tax. Allowing him to do so, would not only be expanding the boundaries of the powers under sub-section (1) of Section 25 of the TNVAT Act but also overriding the limitation provisions contained in the said chapter. - HC

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Raising unpaid tax demands - recovery of short paid tax - ...

AO Exceeds Authority by Using Section 25(1)(a) TNVAT Act to Tax Excluded Dealer Discounts from Taxable Turnover.

February 13, 2021

Case Laws VAT and Sales Tax HC

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