https://www.taxtmi.com/caselaws?id=166437 Reassessment under section 21(2) of the U.P. Trade Tax Act can be initiated only if the assessing authority has a rational, material-based reason to believe that turnover has escaped assessment or been under-assessed. A mere suspicion, conjecture, or change of opinion is not enough, and the belief must have a live link with relevant material on record. As no material existed before the authority to support such belief, and the notice did not disclose any independent basis for escapement, the initiation of proceedings was held invalid. en-us Thu, 21 Jan 2010 00:00:00 +0530 Fri, 17 Oct 2014 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166437 Reassessment under section 21(2) of the U.P. Trade Tax Act can be initiated only if the assessing authority has a rational, material-based reason to believe that turnover has escaped assessment or been under-assessed. A mere suspicion, conjecture, or change of opinion is not enough, and the belief must have a live link with relevant material on record. As no material existed before the authority to support such belief, and the notice did not disclose any independent basis for escapement, the initiation of proceedings was held invalid. Case-Laws VAT and Sales Tax Thu, 21 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166437