https://www.taxtmi.com/caselaws?id=262672 Suo motu revision under the Kerala General Sales Tax Act can be invoked where an assessment is prejudicial to the interests of Revenue, even if the revisional authority relies on subsequent material not before the assessing officer. The Court distinguished section 263 of the Income-tax Act, noting that section 37 does not require the order to be erroneous; prejudice to Revenue is sufficient. On that basis, later material indicating that exemption had been granted on invalid F forms justified revision, and the assessment was revised. The limitation challenge was not examined because the revision was found to be within time. en-us Thu, 10 Jul 2014 00:00:00 +0530 Mon, 17 Aug 2015 06:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262672 Suo motu revision under the Kerala General Sales Tax Act can be invoked where an assessment is prejudicial to the interests of Revenue, even if the revisional authority relies on subsequent material not before the assessing officer. The Court distinguished section 263 of the Income-tax Act, noting that section 37 does not require the order to be erroneous; prejudice to Revenue is sufficient. On that basis, later material indicating that exemption had been granted on invalid F forms justified revision, and the assessment was revised. The limitation challenge was not examined because the revision was found to be within time. Case-Laws VAT and Sales Tax Thu, 10 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262672