https://www.taxtmi.com/caselaws?id=153493 Reassessment notices were held invalid because the Assessing Authority lacked definite factual information showing under-assessment of the petitioner's turnover. A Commissioner's letter merely expressed the view that rice bran oil was inedible and should be taxed at a higher rate; it did not disclose suppression, concealment, or any material that came to notice after the original assessments. The letter was prospective in nature and could not reopen concluded assessments. In the absence of material capable of supporting a belief of under-assessment, the statutory basis for reassessment was not satisfied, and the notices were without jurisdiction. en-us Thu, 10 Feb 1983 00:00:00 +0530 Wed, 24 Jul 2013 13:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153493 Reassessment notices were held invalid because the Assessing Authority lacked definite factual information showing under-assessment of the petitioner's turnover. A Commissioner's letter merely expressed the view that rice bran oil was inedible and should be taxed at a higher rate; it did not disclose suppression, concealment, or any material that came to notice after the original assessments. The letter was prospective in nature and could not reopen concluded assessments. In the absence of material capable of supporting a belief of under-assessment, the statutory basis for reassessment was not satisfied, and the notices were without jurisdiction. Case-Laws VAT and Sales Tax Thu, 10 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153493