https://www.taxtmi.com/caselaws?id=343190 Reassessment under Section 21 of the U.P. Trade Tax Act, 1948 cannot be sustained where it rests on the same material already examined in the original assessment. If the assessing authority had considered the disclosed facts and accepted the assessee's claim earlier, a later reopening on identical material amounts to a mere change of opinion and is not a valid basis for reassessment. In the absence of any new material, the reassessment was invalid and the Tribunal was right in setting it aside; the Revenue's revision failed. en-us Wed, 17 May 2017 00:00:00 +0530 Tue, 27 Mar 2018 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343190 Reassessment under Section 21 of the U.P. Trade Tax Act, 1948 cannot be sustained where it rests on the same material already examined in the original assessment. If the assessing authority had considered the disclosed facts and accepted the assessee's claim earlier, a later reopening on identical material amounts to a mere change of opinion and is not a valid basis for reassessment. In the absence of any new material, the reassessment was invalid and the Tribunal was right in setting it aside; the Revenue's revision failed. Case-Laws VAT and Sales Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343190