https://www.taxtmi.com/caselaws?id=153421 Revision on the existing assessment record remained distinct from reopening an escaped assessment, because the former tests legality, propriety, or regularity on material already on record, while the latter requires fresh material or information showing escaped or under-assessed turnover. The Deputy Commissioner acted under revisional power and merely corrected the tax rate on the same record; that did not convert the action into escaped-assessment proceedings. The shorter limitation for escaped assessments therefore did not apply, and the revisional order was within the limitation period for revision. en-us Fri, 31 Dec 1982 00:00:00 +0530 Tue, 23 Jul 2013 15:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153421 Revision on the existing assessment record remained distinct from reopening an escaped assessment, because the former tests legality, propriety, or regularity on material already on record, while the latter requires fresh material or information showing escaped or under-assessed turnover. The Deputy Commissioner acted under revisional power and merely corrected the tax rate on the same record; that did not convert the action into escaped-assessment proceedings. The shorter limitation for escaped assessments therefore did not apply, and the revisional order was within the limitation period for revision. Case-Laws VAT and Sales Tax Fri, 31 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153421