https://www.taxtmi.com/caselaws?id=232337 Reassessment under the U.P. Trade Tax Act was upheld because there was material to believe that part of the turnover had escaped assessment after the earlier order excluded the price of generator sets from taxable turnover, even though the supply element was the substantial part of the transaction and the commissioning element was minor. The Court held that the statutory power to reopen assessment is not barred by a prior different view, so a plea of change of opinion did not defeat the notice. It also held that the later Supreme Court interpretation on works contracts applied retrospectively and could be relied on for reassessment. The reassessment notice and proceedings were therefore valid. en-us Fri, 26 Apr 2013 00:00:00 +0530 Mon, 07 Jul 2014 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=232337 Reassessment under the U.P. Trade Tax Act was upheld because there was material to believe that part of the turnover had escaped assessment after the earlier order excluded the price of generator sets from taxable turnover, even though the supply element was the substantial part of the transaction and the commissioning element was minor. The Court held that the statutory power to reopen assessment is not barred by a prior different view, so a plea of change of opinion did not defeat the notice. It also held that the later Supreme Court interpretation on works contracts applied retrospectively and could be relied on for reassessment. The reassessment notice and proceedings were therefore valid. Case-Laws VAT and Sales Tax Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=232337