https://www.taxtmi.com/caselaws?id=246055 Revisional power under Section 36 of the Assam General Sales Tax Act, 1993 requires both an erroneous assessment and prejudice to revenue; it cannot be used as a substitute for appellate reappraisal or a mere change of opinion. A low profit margin, by itself, was insufficient to reopen the assessment where the assessing authority had considered the material on record and the dealer had offered a plausible explanation supported by price lists for regional pricing differences. In the absence of a factual basis for suppression of sales or tax evasion, and because the dealer's detailed explanation was not properly considered, the revisional orders were unsustainable and the assessee's challenge succeeded. en-us Wed, 26 Mar 2014 00:00:00 +0530 Wed, 08 Oct 2014 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246055 Revisional power under Section 36 of the Assam General Sales Tax Act, 1993 requires both an erroneous assessment and prejudice to revenue; it cannot be used as a substitute for appellate reappraisal or a mere change of opinion. A low profit margin, by itself, was insufficient to reopen the assessment where the assessing authority had considered the material on record and the dealer had offered a plausible explanation supported by price lists for regional pricing differences. In the absence of a factual basis for suppression of sales or tax evasion, and because the dealer's detailed explanation was not properly considered, the revisional orders were unsustainable and the assessee's challenge succeeded. Case-Laws VAT and Sales Tax Wed, 26 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246055