https://www.taxtmi.com/caselaws?id=289742 Reassessment under the Bihar Value Added Tax regime was treated as within limitation, with the court reading the statutory provisions to hold that initiation fell within the four-year period and that completion was governed by the proviso to Section 27. However, reopening on the basis of an audit objection was held to require an independent opinion and recorded satisfaction by the assessing authority. As no such satisfaction appeared on the record, the notice was found to be mechanically issued and procedurally defective. The impugned assessment, demand and attachment orders were set aside and the matter remanded for fresh consideration in accordance with law. en-us Thu, 18 Jul 2019 00:00:00 +0530 Thu, 20 Aug 2020 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289742 Reassessment under the Bihar Value Added Tax regime was treated as within limitation, with the court reading the statutory provisions to hold that initiation fell within the four-year period and that completion was governed by the proviso to Section 27. However, reopening on the basis of an audit objection was held to require an independent opinion and recorded satisfaction by the assessing authority. As no such satisfaction appeared on the record, the notice was found to be mechanically issued and procedurally defective. The impugned assessment, demand and attachment orders were set aside and the matter remanded for fresh consideration in accordance with law. Case-Laws VAT and Sales Tax Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289742