https://www.taxtmi.com/caselaws?id=164838 Once assessment had been completed on acceptance of Form F declarations, it could not be revised unless the authority recorded a finding of fraud, misrepresentation or collusion. The later reassessment was based only on an inspection report alleging the declarations were incorrect, which was insufficient to sustain revision. Applying the governing Supreme Court principle, the Madras HC held that the reassessment and consequential penalty were not sustainable, and the challenge to the Tribunal's order failed. en-us Thu, 19 Nov 2009 00:00:00 +0530 Mon, 17 Sep 2018 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164838 Once assessment had been completed on acceptance of Form F declarations, it could not be revised unless the authority recorded a finding of fraud, misrepresentation or collusion. The later reassessment was based only on an inspection report alleging the declarations were incorrect, which was insufficient to sustain revision. Applying the governing Supreme Court principle, the Madras HC held that the reassessment and consequential penalty were not sustainable, and the challenge to the Tribunal's order failed. Case-Laws VAT and Sales Tax Thu, 19 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164838