https://www.taxtmi.com/caselaws?id=385120 A concluded assessment under the U.P. VAT Act cannot be reopened merely because a later judicial decision suggests a different view on the same material. Where the original assessment was completed after considering the available survey material and no fresh tangible material showed escapement of turnover, the statutory basis of a real reason to believe was absent. Reopening founded only on a subsequent judgment amounted to a change of opinion, so the sanction order and notice were liable to be quashed and the reassessment proceedings set aside. en-us Wed, 28 Aug 2019 00:00:00 +0530 Thu, 29 Aug 2019 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385120 A concluded assessment under the U.P. VAT Act cannot be reopened merely because a later judicial decision suggests a different view on the same material. Where the original assessment was completed after considering the available survey material and no fresh tangible material showed escapement of turnover, the statutory basis of a real reason to believe was absent. Reopening founded only on a subsequent judgment amounted to a change of opinion, so the sanction order and notice were liable to be quashed and the reassessment proceedings set aside. Case-Laws VAT and Sales Tax Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385120