https://www.taxtmi.com/caselaws?id=158172 Central Government fertiliser subsidy was treated as outside "turnover" under section 2(i) of the U.P. Sales Tax Act, 1948, because turnover covers only the aggregate amount for which goods are sold and the subsidy was not sale price received in any specific transaction. On that basis, no escapement of turnover or under-assessment could be inferred, so the precondition for reassessment action under section 21 was not satisfied. The reassessment notices were therefore invalid. en-us Tue, 30 Aug 1994 00:00:00 +0530 Fri, 26 May 2017 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158172 Central Government fertiliser subsidy was treated as outside "turnover" under section 2(i) of the U.P. Sales Tax Act, 1948, because turnover covers only the aggregate amount for which goods are sold and the subsidy was not sale price received in any specific transaction. On that basis, no escapement of turnover or under-assessment could be inferred, so the precondition for reassessment action under section 21 was not satisfied. The reassessment notices were therefore invalid. Case-Laws VAT and Sales Tax Tue, 30 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158172