https://www.taxtmi.com/caselaws?id=383845 A prospective amendment defining "market value" from 1 April 2014 could not be used to reopen assessments that had already attained finality under section 22(1) of the Chhattisgarh Value Added Tax Act, 2005. Reassessment under that provision requires a valid jurisdictional from material relevant to the original assessment, and a later change in law cannot by itself justify reopening concluded years absent retrospective operation or fresh material. The amendment was treated as substantive rather than merely clarificatory, and the related reassessment notices founded solely on that amendment lacked legal support. en-us Mon, 26 Nov 2018 00:00:00 +0530 Wed, 31 Jul 2019 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383845 A prospective amendment defining "market value" from 1 April 2014 could not be used to reopen assessments that had already attained finality under section 22(1) of the Chhattisgarh Value Added Tax Act, 2005. Reassessment under that provision requires a valid jurisdictional from material relevant to the original assessment, and a later change in law cannot by itself justify reopening concluded years absent retrospective operation or fresh material. The amendment was treated as substantive rather than merely clarificatory, and the related reassessment notices founded solely on that amendment lacked legal support. Case-Laws VAT and Sales Tax Mon, 26 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383845