https://www.taxtmi.com/caselaws?id=352043 Reassessment under Section 29 of the U.P. VAT Act, 2007 could be initiated only on relevant material giving rise to a bona fide reason to believe that turnover had escaped assessment. Mere suspicion, or a fishing inquiry to verify whether liability might arise, was insufficient. On the facts, the materials relied on did not show that any flat had been booked or sold during the relevant assessment year, and no allotment had been made until later. Because tax on the works contract or deemed sale could arise only after a purchaser contract came into existence, the notice and sanction were held without jurisdiction and quashed. en-us Mon, 04 Dec 2017 00:00:00 +0530 Wed, 06 Dec 2017 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352043 Reassessment under Section 29 of the U.P. VAT Act, 2007 could be initiated only on relevant material giving rise to a bona fide reason to believe that turnover had escaped assessment. Mere suspicion, or a fishing inquiry to verify whether liability might arise, was insufficient. On the facts, the materials relied on did not show that any flat had been booked or sold during the relevant assessment year, and no allotment had been made until later. Because tax on the works contract or deemed sale could arise only after a purchaser contract came into existence, the notice and sanction were held without jurisdiction and quashed. Case-Laws VAT and Sales Tax Mon, 04 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352043