https://www.taxtmi.com/caselaws?id=155556 Section 14(4) of the Andhra Pradesh General Sales Tax Act permits reassessment only where turnover has escaped assessment, been under-assessed, assessed at a lower rate, or where exemption or deduction was wrongly allowed. Reopening cannot rest on a mere change of opinion about classification or on reconsideration of material already on the assessment record, because the reassessment power operates only on material outside that record showing escapement or incorrect assessment. An internal audit party's opinion on a point of law is not sufficient material for reopening. By contrast, a binding decision of a higher judicial or statutory authority on the relevant issue may constitute valid material for reassessment. en-us Tue, 21 Feb 1989 00:00:00 +0530 Thu, 05 Sep 2013 14:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155556 Section 14(4) of the Andhra Pradesh General Sales Tax Act permits reassessment only where turnover has escaped assessment, been under-assessed, assessed at a lower rate, or where exemption or deduction was wrongly allowed. Reopening cannot rest on a mere change of opinion about classification or on reconsideration of material already on the assessment record, because the reassessment power operates only on material outside that record showing escapement or incorrect assessment. An internal audit party's opinion on a point of law is not sufficient material for reopening. By contrast, a binding decision of a higher judicial or statutory authority on the relevant issue may constitute valid material for reassessment. Case-Laws VAT and Sales Tax Tue, 21 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155556