Business Slips Seized from Third Parties in Search cannot be utilised for Assessment & Penalty: Kerala HC

Yousaph. C Vs State of Kerala (Kerala High Court) The Hon’ble High Court of Kerala in Yousaph. C  Vs. State of Kerala (O.T. Rev Nos. 81, 87 & 88 of 2021/dated: 01.03.2023) held that the data contained in the  business slips recovered from a person who was present at the time of inspection at the premises and he had deposed that the seized slips are not connected with the assessee, has no evidentiary value for imposing penalty and making assessment under the provisions of the Kerala Value Added Tax Act,2003 (KVAT Act for short) FACTS OF THE CASE The petitioner/assessee is running a saw ...