https://www.taxtmi.com/caselaws?id=163202 A reassessment notice was upheld where it substantially complied with the statutory requirements even though it was not issued in the exact prescribed form, because it conveyed the basis for reopening, gave a fair opportunity of hearing, and caused no prejudice. The court also accepted reopening on the basis of existing assessment records and prior material showing under-assessment at a lower tax rate, holding that the authority had valid information and satisfaction under the reassessment provision and was not acting on a mere change of opinion. The reassessment proceedings, consequential assessment order and demand notices were sustained. en-us Thu, 13 Dec 2007 00:00:00 +0530 Thu, 18 Dec 2014 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163202 A reassessment notice was upheld where it substantially complied with the statutory requirements even though it was not issued in the exact prescribed form, because it conveyed the basis for reopening, gave a fair opportunity of hearing, and caused no prejudice. The court also accepted reopening on the basis of existing assessment records and prior material showing under-assessment at a lower tax rate, holding that the authority had valid information and satisfaction under the reassessment provision and was not acting on a mere change of opinion. The reassessment proceedings, consequential assessment order and demand notices were sustained. Case-Laws VAT and Sales Tax Thu, 13 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163202