https://www.taxtmi.com/caselaws?id=351209 Reassessment under the Uttar Pradesh Value Added Tax Act, 2008 requires fresh, relevant material giving rise to a bona fide reason to believe that turnover has escaped assessment, been under-assessed, or that deductions or exemptions were wrongly allowed. A mere change of opinion, or reopening on the same material already examined in the original assessment, is impermissible. On the stated facts, the original assessments had already scrutinised the credit notes and input-tax-credit material, and the reopening proposal disclosed no new information. The reassessment permission and consequential notices were therefore unsustainable and were quashed. en-us Mon, 20 Nov 2017 00:00:00 +0530 Wed, 22 Nov 2017 08:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351209 Reassessment under the Uttar Pradesh Value Added Tax Act, 2008 requires fresh, relevant material giving rise to a bona fide reason to believe that turnover has escaped assessment, been under-assessed, or that deductions or exemptions were wrongly allowed. A mere change of opinion, or reopening on the same material already examined in the original assessment, is impermissible. On the stated facts, the original assessments had already scrutinised the credit notes and input-tax-credit material, and the reopening proposal disclosed no new information. The reassessment permission and consequential notices were therefore unsustainable and were quashed. Case-Laws VAT and Sales Tax Mon, 20 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351209