https://www.taxtmi.com/caselaws?id=403753 Reassessment under the Tamil Nadu Value Added Tax Act must be founded on the correct statutory power, and a notice confined to rectification of clerical or arithmetical mistakes cannot validly support a reopening exercise. Where the authority relies on escape of turnover or a different tax rate, it must clearly invoke the reassessment provision, state the statutory basis, and deal with objections through a reasoned speaking order. Here, the reopening notice did not disclose a proper reassessment basis and failed to address the dealer's objections on exemption entries and circulars, so the reopening and consequential revised assessments were legally unsustainable. en-us Wed, 20 Jan 2021 00:00:00 +0530 Mon, 08 Feb 2021 07:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403753 Reassessment under the Tamil Nadu Value Added Tax Act must be founded on the correct statutory power, and a notice confined to rectification of clerical or arithmetical mistakes cannot validly support a reopening exercise. Where the authority relies on escape of turnover or a different tax rate, it must clearly invoke the reassessment provision, state the statutory basis, and deal with objections through a reasoned speaking order. Here, the reopening notice did not disclose a proper reassessment basis and failed to address the dealer's objections on exemption entries and circulars, so the reopening and consequential revised assessments were legally unsustainable. Case-Laws VAT and Sales Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403753