https://www.taxtmi.com/caselaws?id=401039 Reassessment initiated solely on the basis of a tax audit report, without recording reasons to believe, was not sustainable, so the resulting demand failed. The appellate authority's acceptance of the assessee's affidavits and documents on goods transportation, together with the tribunal's finding that the matter was revenue neutral because tax on purchases from unregistered dealers had already been paid, disclosed no perversity. In the absence of any substantial question of law, interference in revision was unwarranted and the order in favour of the assessee was maintained. en-us Wed, 25 Nov 2020 00:00:00 +0530 Thu, 26 Nov 2020 09:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401039 Reassessment initiated solely on the basis of a tax audit report, without recording reasons to believe, was not sustainable, so the resulting demand failed. The appellate authority's acceptance of the assessee's affidavits and documents on goods transportation, together with the tribunal's finding that the matter was revenue neutral because tax on purchases from unregistered dealers had already been paid, disclosed no perversity. In the absence of any substantial question of law, interference in revision was unwarranted and the order in favour of the assessee was maintained. Case-Laws VAT and Sales Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401039