https://www.taxtmi.com/caselaws?id=422122 Reassessment under Section 21 of the U.P. Trade Tax Act, 1948 is valid where the assessing authority has relevant, rational and non-arbitrary material creating a belief that turnover has escaped assessment. The adequacy of that material is not examined at the notice stage, provided it has a nexus with the belief formed. Here, search and survey records showed undisclosed sales and purchases for the relevant assessment years, and the approvals and notices were based on that material. The challenge to the reassessment notices therefore failed, as the jurisdictional basis for reopening was not shown to be infirm. en-us Mon, 28 Mar 2022 00:00:00 +0530 Tue, 13 Sep 2022 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422122 Reassessment under Section 21 of the U.P. Trade Tax Act, 1948 is valid where the assessing authority has relevant, rational and non-arbitrary material creating a belief that turnover has escaped assessment. The adequacy of that material is not examined at the notice stage, provided it has a nexus with the belief formed. Here, search and survey records showed undisclosed sales and purchases for the relevant assessment years, and the approvals and notices were based on that material. The challenge to the reassessment notices therefore failed, as the jurisdictional basis for reopening was not shown to be infirm. Case-Laws VAT and Sales Tax Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422122