https://www.taxtmi.com/caselaws?id=162063 Reassessment under section 21 of the U.P. Trade Tax Act required legally sustainable reasons to believe that turnover had escaped assessment or an exemption had been wrongly allowed; a bare possibility of change of opinion was insufficient, so authorisation and notices issued without recorded cogent grounds were invalid. Exemption notifications covering agricultural implements and their parts were construed purposively, and tyres and tubes used in carts treated as animal-driven agricultural implements were held to fall within that exemption. The reassessment challenge therefore failed, and the exemption claim for the disputed goods was upheld. en-us Thu, 24 Mar 2005 00:00:00 +0530 Sat, 11 May 2024 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162063 Reassessment under section 21 of the U.P. Trade Tax Act required legally sustainable reasons to believe that turnover had escaped assessment or an exemption had been wrongly allowed; a bare possibility of change of opinion was insufficient, so authorisation and notices issued without recorded cogent grounds were invalid. Exemption notifications covering agricultural implements and their parts were construed purposively, and tyres and tubes used in carts treated as animal-driven agricultural implements were held to fall within that exemption. The reassessment challenge therefore failed, and the exemption claim for the disputed goods was upheld. Case-Laws VAT and Sales Tax Thu, 24 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162063