https://www.taxtmi.com/caselaws?id=157893 Reassessment initiated under section 14(4) of the Andhra Pradesh General Sales Tax Act was not invalid merely because it was not brought under section 14-B, since the case concerned reopening on the basis that the first sale was not genuine rather than estimation of price under section 14-B. After the reassessment had attained finality, the assessee could not re-agitate in penalty proceedings the legality of the reopening; only the quantum of penalty remained in issue. The penalty, as reduced by the Tribunal from three times to two times the tax on escaped turnover, was upheld. en-us Wed, 06 Jul 1994 00:00:00 +0530 Fri, 11 Oct 2013 18:09:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157893 Reassessment initiated under section 14(4) of the Andhra Pradesh General Sales Tax Act was not invalid merely because it was not brought under section 14-B, since the case concerned reopening on the basis that the first sale was not genuine rather than estimation of price under section 14-B. After the reassessment had attained finality, the assessee could not re-agitate in penalty proceedings the legality of the reopening; only the quantum of penalty remained in issue. The penalty, as reduced by the Tribunal from three times to two times the tax on escaped turnover, was upheld. Case-Laws VAT and Sales Tax Wed, 06 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157893