https://www.taxtmi.com/caselaws?id=153227 A later judicial declaration of the correct legal position, without fresh factual material or suppressed turnover on the assessment record, can justify suo motu revision under section 21 of the Punjab General Sales Tax Act, 1948. Section 11-A applies to reassessment based on definite information showing under-assessment or escaped assessment within the prescribed period, but it was not attracted here because the revisional authority relied only on the subsequent legal interpretation, not new facts. The revisional notice and proceedings were therefore sustained, and the challenge to revision failed. en-us Thu, 04 Jun 1981 00:00:00 +0530 Fri, 19 Jul 2013 16:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153227 A later judicial declaration of the correct legal position, without fresh factual material or suppressed turnover on the assessment record, can justify suo motu revision under section 21 of the Punjab General Sales Tax Act, 1948. Section 11-A applies to reassessment based on definite information showing under-assessment or escaped assessment within the prescribed period, but it was not attracted here because the revisional authority relied only on the subsequent legal interpretation, not new facts. The revisional notice and proceedings were therefore sustained, and the challenge to revision failed. Case-Laws VAT and Sales Tax Thu, 04 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153227