https://www.taxtmi.com/caselaws?id=163056 Section 21 reassessment under the U.P. Trade Tax Act requires relevant material giving rise to a bona fide reason to believe that turnover has escaped assessment; adequacy of the information is not for judicial review, and unverified sale details may suffice to found jurisdiction. A recognition certificate under section 4B cannot be cancelled with retrospective effect unless the statute clearly permits such operation. The commentary therefore distinguishes between valid reassessment jurisdiction based on nexus material and the impermissibility of backdated cancellation of statutory recognition. en-us Fri, 25 Aug 2006 00:00:00 +0530 Fri, 21 Mar 2014 10:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163056 Section 21 reassessment under the U.P. Trade Tax Act requires relevant material giving rise to a bona fide reason to believe that turnover has escaped assessment; adequacy of the information is not for judicial review, and unverified sale details may suffice to found jurisdiction. A recognition certificate under section 4B cannot be cancelled with retrospective effect unless the statute clearly permits such operation. The commentary therefore distinguishes between valid reassessment jurisdiction based on nexus material and the impermissibility of backdated cancellation of statutory recognition. Case-Laws VAT and Sales Tax Fri, 25 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163056