https://www.taxtmi.com/caselaws?id=174438 Reassessment under the U.P. Trade Tax Act cannot rest on vague or unrelated material that does not link the information to the relevant assessment year. Where the notice is based only on suspicious cash entries, lacks year-specific details, and relates to another dealer, the foundation for reopening is not specific enough to sustain reassessment. The Tribunal treated such material as incapable of supporting a valid belief of escapement, and reassessment based on surmise and conjecture was set aside. en-us Thu, 26 Feb 1998 00:00:00 +0530 Thu, 08 Oct 2015 12:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174438 Reassessment under the U.P. Trade Tax Act cannot rest on vague or unrelated material that does not link the information to the relevant assessment year. Where the notice is based only on suspicious cash entries, lacks year-specific details, and relates to another dealer, the foundation for reopening is not specific enough to sustain reassessment. The Tribunal treated such material as incapable of supporting a valid belief of escapement, and reassessment based on surmise and conjecture was set aside. Case-Laws VAT and Sales Tax Thu, 26 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174438