https://www.taxtmi.com/caselaws?id=163212 Reassessment based on alleged concealed sales could not be sustained where the assessee's objections, including non-supply of the relied-upon material and the contention that broker-routed transactions did not conclusively establish sales, were not properly examined. The assessing authority was required to address those objections and the supporting material before fixing tax liability. As the same factual basis had already led to the penalty being set aside, the reassessment order was set aside and the matter remanded for fresh determination, with liberty to consider any request for document supply in accordance with law. en-us Tue, 11 Dec 2007 00:00:00 +0530 Thu, 18 Dec 2014 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163212 Reassessment based on alleged concealed sales could not be sustained where the assessee's objections, including non-supply of the relied-upon material and the contention that broker-routed transactions did not conclusively establish sales, were not properly examined. The assessing authority was required to address those objections and the supporting material before fixing tax liability. As the same factual basis had already led to the penalty being set aside, the reassessment order was set aside and the matter remanded for fresh determination, with liberty to consider any request for document supply in accordance with law. Case-Laws VAT and Sales Tax Tue, 11 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163212