https://www.taxtmi.com/caselaws?id=342805 Reassessment under Section 43 of the Orissa Value Added Tax Act, 2004 cannot be initiated on a mere change of opinion; it requires fresh, relevant information showing escapement or under-assessment. On the facts noted, the tax evasion report did not allege suppression of turnover, did not dispute sale of ROM, and did not show any undisclosed consideration, so reliance on conjecture and an artificial valuation approach was legally insufficient. Non-supply of the report did not amount to denial of natural justice where the dealer was informed of the reopening reasons, shown the report, allowed to take extracts, and given opportunities to respond. en-us Thu, 20 Apr 2017 00:00:00 +0530 Sat, 24 Mar 2018 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342805 Reassessment under Section 43 of the Orissa Value Added Tax Act, 2004 cannot be initiated on a mere change of opinion; it requires fresh, relevant information showing escapement or under-assessment. On the facts noted, the tax evasion report did not allege suppression of turnover, did not dispute sale of ROM, and did not show any undisclosed consideration, so reliance on conjecture and an artificial valuation approach was legally insufficient. Non-supply of the report did not amount to denial of natural justice where the dealer was informed of the reopening reasons, shown the report, allowed to take extracts, and given opportunities to respond. Case-Laws VAT and Sales Tax Thu, 20 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342805