TNVAT: HC directs AO to pass speaking order & determine rate of Aviation Turbine Fuel

Indian Oil Corporation Limited Vs Deputy Commissioner (ST) (Madras High Court) Madras High Court directed Assessing Officer to pass a speaking order, after hearing the petitioner in full, with regard to determination of appropriate rate of tax on Aviation Turbine Fuel (ATF). Facts- The petitioner has supplied Aviation Turbine Fuel (ATF) to various entities, airlines as well as other organisations and institutions. The returns filed by the petitioner for the period 2009-10 were taken up for assessment, pursuant to audit conducted in their place of business. One of the issues that came to the at...