https://www.taxtmi.com/caselaws?id=164002 A concluded assessment could not be reopened under the reassessment provision merely because of an audit objection and a later change in legal interpretation. The court treated an audit note as not amounting to definite information for reopening under section 11A of the Punjab General Sales Tax Act, 1948, and held that a subsequent interpretative view could not by itself justify reassessment after finality had attached. Reopening on such a basis would permit repeated reassessment whenever the legal view changed. The reassessment was therefore invalid and the reassessment order was set aside in favour of the assessee. en-us Tue, 17 Feb 2009 00:00:00 +0530 Mon, 17 Nov 2014 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164002 A concluded assessment could not be reopened under the reassessment provision merely because of an audit objection and a later change in legal interpretation. The court treated an audit note as not amounting to definite information for reopening under section 11A of the Punjab General Sales Tax Act, 1948, and held that a subsequent interpretative view could not by itself justify reassessment after finality had attached. Reopening on such a basis would permit repeated reassessment whenever the legal view changed. The reassessment was therefore invalid and the reassessment order was set aside in favour of the assessee. Case-Laws VAT and Sales Tax Tue, 17 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164002