https://www.taxtmi.com/caselaws?id=415811 For tax periods before 1 October 2015, reassessment under Section 43(1) of the Odisha Value Added Tax Act, 2004 required completion or acceptance of the initial assessment under the relevant self-assessment provisions. The amendment effective from that date introduced reassessment on the basis of information in the assessing authority's possession and deemed self-assessment, but the change was treated as substantive and prospective, not retrospective. Accordingly, reopening could not be sustained for the pre-amendment period where the initial assessment had not been completed or accepted, and the consequential demand was set aside. en-us Wed, 01 Dec 2021 00:00:00 +0530 Fri, 08 Sep 2023 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415811 For tax periods before 1 October 2015, reassessment under Section 43(1) of the Odisha Value Added Tax Act, 2004 required completion or acceptance of the initial assessment under the relevant self-assessment provisions. The amendment effective from that date introduced reassessment on the basis of information in the assessing authority's possession and deemed self-assessment, but the change was treated as substantive and prospective, not retrospective. Accordingly, reopening could not be sustained for the pre-amendment period where the initial assessment had not been completed or accepted, and the consequential demand was set aside. Case-Laws VAT and Sales Tax Wed, 01 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415811