Order quashed as pre-condition for best judgement assessment u/s. 23(2) of MVAT Act not satisfied: Bombay HC

B. G. Exploration and Production India Limited Vs State of Maharashtra (Bombay High Court) Bombay High Court held that best judgment assessment u/s. 23(2) of the MVAT Act can be passed provided registered dealer fails to comply with the terms of any show cause notice. Since the pre-conditions are not satisfied, best judgement assessment passed is liable to be quashed. Facts- Petitioner is in the business of exploration of petroleum resources in ‘Panna and Mukta’ and ‘Mid and South Tapti’ fields off the coast of Mumbai. The area where Petitioner operates is situated at a distance rangin...