https://www.taxtmi.com/caselaws?id=155696 Section 12A of the Karnataka Sales Tax Act was construed to permit reassessment not only for escaped turnover but also where tax had been levied at a rate lower than the lawful rate, including cases of under-assessment, wrong deductions, or wrongly allowed exemptions. The power was held to extend even when the relevant turnover had already been before the assessing authority at the original assessment. On the classification point, reassessment of rayon yarn was treated as correction of the applicable rate for the same turnover, not as a fresh jurisdictional exercise beyond section 12A. The challenge therefore failed. en-us Wed, 29 Mar 1989 00:00:00 +0530 Fri, 06 Sep 2013 16:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155696 Section 12A of the Karnataka Sales Tax Act was construed to permit reassessment not only for escaped turnover but also where tax had been levied at a rate lower than the lawful rate, including cases of under-assessment, wrong deductions, or wrongly allowed exemptions. The power was held to extend even when the relevant turnover had already been before the assessing authority at the original assessment. On the classification point, reassessment of rayon yarn was treated as correction of the applicable rate for the same turnover, not as a fresh jurisdictional exercise beyond section 12A. The challenge therefore failed. Case-Laws VAT and Sales Tax Wed, 29 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155696