https://www.taxtmi.com/caselaws?id=269007 Authorisation and notices for reassessment under Section 21 of the U.P. Trade Tax Act, 1948 were supported by searches, seizure of incriminating material, investigation and information communicated to the assessing authorities, providing a rational basis for bona fide belief that turnover had escaped assessment. The High Court held that the existence of such belief can be examined, but not the adequacy or sufficiency of the material. The assessee's plea that the goods were exempt, and other merits-based objections, were matters for determination in the reassessment proceedings, not at the stage of reassessment initiation. The challenge to the reassessment initiation therefore failed. en-us Thu, 08 Oct 2015 00:00:00 +0530 Mon, 07 Dec 2015 10:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269007 Authorisation and notices for reassessment under Section 21 of the U.P. Trade Tax Act, 1948 were supported by searches, seizure of incriminating material, investigation and information communicated to the assessing authorities, providing a rational basis for bona fide belief that turnover had escaped assessment. The High Court held that the existence of such belief can be examined, but not the adequacy or sufficiency of the material. The assessee's plea that the goods were exempt, and other merits-based objections, were matters for determination in the reassessment proceedings, not at the stage of reassessment initiation. The challenge to the reassessment initiation therefore failed. Case-Laws VAT and Sales Tax Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269007