https://www.taxtmi.com/caselaws?id=255939 Reopening of a trade tax assessment under section 21 of the U.P. Trade Tax Act requires a bona fide reason to believe based on tangible, relevant material with a live nexus to escapement of turnover, and the reassessment notice was unsustainable where that standard was not met. Mere reliance on the assessee's use of ink for printing books, without more, did not show that the assessee was carrying on a works contract. The publishing agreement indicated publication and sale of books for royalty, including supply at discounted rates to the Government, but it did not disclose the essential ingredients of a works contract. The authority acted on presumption rather than relevant material and failed to apply its mind to the contract terms. en-us Fri, 05 Sep 2014 00:00:00 +0530 Fri, 30 Jan 2015 08:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255939 Reopening of a trade tax assessment under section 21 of the U.P. Trade Tax Act requires a bona fide reason to believe based on tangible, relevant material with a live nexus to escapement of turnover, and the reassessment notice was unsustainable where that standard was not met. Mere reliance on the assessee's use of ink for printing books, without more, did not show that the assessee was carrying on a works contract. The publishing agreement indicated publication and sale of books for royalty, including supply at discounted rates to the Government, but it did not disclose the essential ingredients of a works contract. The authority acted on presumption rather than relevant material and failed to apply its mind to the contract terms. Case-Laws VAT and Sales Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255939