https://www.taxtmi.com/caselaws?id=376914 Reassessment cannot be reopened on the same material that was already considered in a completed best judgment assessment, particularly where the record had been examined and the taxable figure determined on the then available material. If no fresh material comes to light after the original assessment, reopening based only on a perceived discrepancy in disclosed consumption or receipts amounts to a mere change of opinion. The operative principle is that reassessment must rest on valid new material, not suspicion or conjecture, and reopening on the same record is not sustainable. en-us Wed, 13 Mar 2019 00:00:00 +0530 Tue, 19 Mar 2019 00:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376914 Reassessment cannot be reopened on the same material that was already considered in a completed best judgment assessment, particularly where the record had been examined and the taxable figure determined on the then available material. If no fresh material comes to light after the original assessment, reopening based only on a perceived discrepancy in disclosed consumption or receipts amounts to a mere change of opinion. The operative principle is that reassessment must rest on valid new material, not suspicion or conjecture, and reopening on the same record is not sustainable. Case-Laws VAT and Sales Tax Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376914