https://www.taxtmi.com/caselaws?id=153936 Reassessment based on escaped or under-assessed turnover must proceed under the specific reassessment provision and within the prescribed limitation period, while the revisional power is confined to examining legality or propriety on the existing record. Where the revising authority relied on fresh material obtained after the original assessment rather than the assessment record itself, the action could not be sustained as a revision. Because the reassessment was founded on such fresh material after expiry of the three-year limitation period, it was held illegal and unsustainable; the matter was therefore governed by the reassessment provision and not by the revisional provision, in favour of the assessee. en-us Tue, 04 May 1982 00:00:00 +0530 Thu, 01 Aug 2013 17:43:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153936 Reassessment based on escaped or under-assessed turnover must proceed under the specific reassessment provision and within the prescribed limitation period, while the revisional power is confined to examining legality or propriety on the existing record. Where the revising authority relied on fresh material obtained after the original assessment rather than the assessment record itself, the action could not be sustained as a revision. Because the reassessment was founded on such fresh material after expiry of the three-year limitation period, it was held illegal and unsustainable; the matter was therefore governed by the reassessment provision and not by the revisional provision, in favour of the assessee. Case-Laws VAT and Sales Tax Tue, 04 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153936