https://www.taxtmi.com/caselaws?id=402545 Turnover that has escaped assessment may be reopened under section 29 of the U.P. VAT Act, 2008, and the Commissioner may authorise reassessment within the extended period under section 29(7). The three-year normal limitation under section 29(3) does not exhaust the reassessment power where the statutory conditions for escaped turnover are met. The absence of an earlier assessment order does not, by itself, prevent use of the reassessment machinery where the year's turnover was found to have escaped assessment. The authorisation was therefore treated as valid and the challenge failed. en-us Tue, 15 Dec 2020 00:00:00 +0530 Wed, 30 Oct 2024 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402545 Turnover that has escaped assessment may be reopened under section 29 of the U.P. VAT Act, 2008, and the Commissioner may authorise reassessment within the extended period under section 29(7). The three-year normal limitation under section 29(3) does not exhaust the reassessment power where the statutory conditions for escaped turnover are met. The absence of an earlier assessment order does not, by itself, prevent use of the reassessment machinery where the year's turnover was found to have escaped assessment. The authorisation was therefore treated as valid and the challenge failed. Case-Laws VAT / Sales Tax Tue, 15 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402545