https://www.taxtmi.com/caselaws?id=160146 The court ruled in favor of the petitioner, M/s. Eureka Forbes Ltd., in a case challenging reassessment notices issued by the Deputy Commissioner of Commercial Taxes, Jamshedpur. The court held that a mere change of opinion based on an audit report does not constitute valid "information" for reassessment under the Bihar Finance Act, 1981. As the reassessment was solely based on the audit report without new material, the court declared the reassessment notices and orders illegal and quashed them. The jurisdictional argument was not addressed due to the decision on the first issue. en-us Thu, 23 Feb 1995 00:00:00 +0530 Tue, 10 Dec 2013 16:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160146 The court ruled in favor of the petitioner, M/s. Eureka Forbes Ltd., in a case challenging reassessment notices issued by the Deputy Commissioner of Commercial Taxes, Jamshedpur. The court held that a mere change of opinion based on an audit report does not constitute valid "information" for reassessment under the Bihar Finance Act, 1981. As the reassessment was solely based on the audit report without new material, the court declared the reassessment notices and orders illegal and quashed them. The jurisdictional argument was not addressed due to the decision on the first issue. Case-Laws VAT and Sales Tax Thu, 23 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160146