https://www.taxtmi.com/caselaws?id=263585 A reopening notice under Section 21 of the Trade Tax Act requires fresh material or another statutory basis showing escaped assessment. Here, the original assessment had already accepted the books and treated the transactions as book transfers, while the notice rested only on a later view that they were inter-State sales liable to central sales tax. No material was identified showing wrong calculation, bona fide error, ignorance of facts or law, fraud, or misrepresentation. In the absence of facts supporting the requisite belief, the reopening parameters were not satisfied and the notice was not legally sustainable. en-us Thu, 20 Mar 2014 00:00:00 +0530 Wed, 26 Aug 2015 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263585 A reopening notice under Section 21 of the Trade Tax Act requires fresh material or another statutory basis showing escaped assessment. Here, the original assessment had already accepted the books and treated the transactions as book transfers, while the notice rested only on a later view that they were inter-State sales liable to central sales tax. No material was identified showing wrong calculation, bona fide error, ignorance of facts or law, fraud, or misrepresentation. In the absence of facts supporting the requisite belief, the reopening parameters were not satisfied and the notice was not legally sustainable. Case-Laws VAT and Sales Tax Thu, 20 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263585