https://www.taxtmi.com/caselaws?id=274263 Reassessment under section 21 of the U.P. Trade Tax Act, 1948 is permissible only where income or turnover has escaped assessment. Where the Revenue relies solely on a subsequent judicial view to reopen a concluded assessment, and no suppression or concealment of facts is alleged, the reopening amounts only to a change of opinion. Such a change does not create jurisdiction to initiate reassessment. On that basis, the reassessment notice and the initiating order were held unsustainable and were quashed in favour of the assessee. en-us Wed, 31 Aug 2016 00:00:00 +0530 Sat, 04 Aug 2018 08:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274263 Reassessment under section 21 of the U.P. Trade Tax Act, 1948 is permissible only where income or turnover has escaped assessment. Where the Revenue relies solely on a subsequent judicial view to reopen a concluded assessment, and no suppression or concealment of facts is alleged, the reopening amounts only to a change of opinion. Such a change does not create jurisdiction to initiate reassessment. On that basis, the reassessment notice and the initiating order were held unsustainable and were quashed in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 31 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274263