https://www.taxtmi.com/caselaws?id=344423 The High Court of Karnataka ruled that reassessment proceedings under Section 39 of the Karnataka Value Added Tax Act, 2003 could not be initiated without fresh incriminating material after a regular assessment under Section 38 had been completed based on the same evidence. The court found the reassessment order lacked a basis for alleging deliberate tax evasion and emphasized the necessity of relevant material to support such claims. Consequently, the court allowed the Revision Petition, setting aside the reassessment orders for the assessment period in question, with no costs awarded. en-us Tue, 30 May 2017 00:00:00 +0530 Sat, 24 Mar 2018 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344423 The High Court of Karnataka ruled that reassessment proceedings under Section 39 of the Karnataka Value Added Tax Act, 2003 could not be initiated without fresh incriminating material after a regular assessment under Section 38 had been completed based on the same evidence. The court found the reassessment order lacked a basis for alleging deliberate tax evasion and emphasized the necessity of relevant material to support such claims. Consequently, the court allowed the Revision Petition, setting aside the reassessment orders for the assessment period in question, with no costs awarded. Case-Laws VAT and Sales Tax Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344423