https://www.taxtmi.com/article/detailed?id=5823 Section 21 permits reassessment where the authority has reason to believe turnover escaped assessment; this belief must rest on objective, relevant grounds with a nexus to escapement. The proviso allows reopening despite change of opinion if the sanctioning officer records a rational basis. Electronic records discovered in search that materially contradict declared turnover can constitute a tangible basis to form the requisite belief, and the sanctioning order must show application of mind though it need not set out detailed reasons. en-us Wed, 10 Sep 2014 07:34:14 +0530 Wed, 10 Sep 2014 07:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5823 Section 21 permits reassessment where the authority has reason to believe turnover escaped assessment; this belief must rest on objective, relevant grounds with a nexus to escapement. The proviso allows reopening despite change of opinion if the sanctioning officer records a rational basis. Electronic records discovered in search that materially contradict declared turnover can constitute a tangible basis to form the requisite belief, and the sanctioning order must show application of mind though it need not set out detailed reasons. Articles Value Added Tax - VAT and CST Wed, 10 Sep 2014 07:34:14 +0530 https://www.taxtmi.com/article/detailed?id=5823