https://www.taxtmi.com/caselaws?id=240494 Reassessment notices under Section 21(2) of the U.P. Trade Tax Act were upheld because the authority had material to form a bona fide belief of escaped turnover, and reopening was not invalid merely because it corrected an earlier legal error. The challenge based on change of opinion and lack of jurisdiction failed. A circular dated 29.3.2007 was treated as a clarificatory communication stating the correct legal position on adjustment of tax paid on paddy, and it was not held to unlawfully interfere with quasi-judicial assessment functions. The reassessment proceedings were therefore sustained and the writ petitions were dismissed. en-us Mon, 25 Nov 2013 00:00:00 +0530 Tue, 08 Jul 2014 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240494 Reassessment notices under Section 21(2) of the U.P. Trade Tax Act were upheld because the authority had material to form a bona fide belief of escaped turnover, and reopening was not invalid merely because it corrected an earlier legal error. The challenge based on change of opinion and lack of jurisdiction failed. A circular dated 29.3.2007 was treated as a clarificatory communication stating the correct legal position on adjustment of tax paid on paddy, and it was not held to unlawfully interfere with quasi-judicial assessment functions. The reassessment proceedings were therefore sustained and the writ petitions were dismissed. Case-Laws VAT and Sales Tax Mon, 25 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240494