https://www.taxtmi.com/caselaws?id=268876 Reassessment under Section 24(1) of the Delhi Sales Tax Act, 1975 was unsustainable because the Assessing Authority had not first recorded reasons to believe, on relevant material, that turnover had escaped assessment, been under-assessed, or assessed at a lower rate. The reopening was founded on turnover already disclosed in the assessee's balance sheet and amounted to a review of the original assessment on a mere change of opinion, which lay beyond Section 24(1). If revenue considered the assessment prejudicial, the proper course was to invoke revisional powers under Section 46. The reassessment proceedings were therefore without jurisdiction. en-us Tue, 17 Nov 2015 00:00:00 +0530 Wed, 02 Dec 2015 23:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268876 Reassessment under Section 24(1) of the Delhi Sales Tax Act, 1975 was unsustainable because the Assessing Authority had not first recorded reasons to believe, on relevant material, that turnover had escaped assessment, been under-assessed, or assessed at a lower rate. The reopening was founded on turnover already disclosed in the assessee's balance sheet and amounted to a review of the original assessment on a mere change of opinion, which lay beyond Section 24(1). If revenue considered the assessment prejudicial, the proper course was to invoke revisional powers under Section 46. The reassessment proceedings were therefore without jurisdiction. Case-Laws VAT and Sales Tax Tue, 17 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268876