https://www.taxtmi.com/caselaws?id=376913 Reassessment is invalid where the original assessment has already been completed on scrutiny and best judgment, and no fresh material emerges to justify reopening. A mere suspicion that cement consumption or construction value was understated, without new relevant material, amounts only to a change of opinion on the same record and cannot support a valid belief that income or turnover escaped assessment. The note states that the reassessment proceedings and consequential order were liable to be quashed, and the reopening was set aside for want of fresh material. en-us Wed, 13 Mar 2019 00:00:00 +0530 Tue, 19 Mar 2019 00:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376913 Reassessment is invalid where the original assessment has already been completed on scrutiny and best judgment, and no fresh material emerges to justify reopening. A mere suspicion that cement consumption or construction value was understated, without new relevant material, amounts only to a change of opinion on the same record and cannot support a valid belief that income or turnover escaped assessment. The note states that the reassessment proceedings and consequential order were liable to be quashed, and the reopening was set aside for want of fresh material. Case-Laws VAT and Sales Tax Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376913