https://www.taxtmi.com/caselaws?id=150038 Reassessment under section 21 of the U.P. Sales Tax Act may be initiated on material sufficient to create a bona fide belief that turnover has escaped assessment; a positive finding of escapement is not required at the initiation stage, and the disparity in electricity consumption with the expert report was enough to sustain initiation. Rejection of account books, however, cannot rest on suspicion or conjecture alone; absent positive material showing specific evasion or unreliability, and where the books had earlier been accepted in regular assessment, rejection was not justified. The reassessment proceedings were upheld, but rejection of the books failed. en-us Mon, 13 Jul 1970 00:00:00 +0530 Wed, 08 May 2013 11:11:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150038 Reassessment under section 21 of the U.P. Sales Tax Act may be initiated on material sufficient to create a bona fide belief that turnover has escaped assessment; a positive finding of escapement is not required at the initiation stage, and the disparity in electricity consumption with the expert report was enough to sustain initiation. Rejection of account books, however, cannot rest on suspicion or conjecture alone; absent positive material showing specific evasion or unreliability, and where the books had earlier been accepted in regular assessment, rejection was not justified. The reassessment proceedings were upheld, but rejection of the books failed. Case-Laws VAT and Sales Tax Mon, 13 Jul 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150038