https://www.taxtmi.com/caselaws?id=441331 Reopening of assessment under the Central Sales Tax Act was held unsustainable because it rested on assumptions rather than legally relevant jurisdictional facts such as new material, suppression, fraud, or misrepresentation; a mere change of opinion was insufficient, so the reassessment notice failed. The alleged stock transfers also could not be treated as inter-State sales on generalized inferences alone, because each transaction had to satisfy the statutory test that movement of goods was occasioned by the contract of sale or by transfer of title during movement. On that basis, the reassessment and consequential demand were quashed. en-us Wed, 12 Jul 2023 00:00:00 +0530 Sat, 05 Aug 2023 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441331 Reopening of assessment under the Central Sales Tax Act was held unsustainable because it rested on assumptions rather than legally relevant jurisdictional facts such as new material, suppression, fraud, or misrepresentation; a mere change of opinion was insufficient, so the reassessment notice failed. The alleged stock transfers also could not be treated as inter-State sales on generalized inferences alone, because each transaction had to satisfy the statutory test that movement of goods was occasioned by the contract of sale or by transfer of title during movement. On that basis, the reassessment and consequential demand were quashed. Case-Laws VAT and Sales Tax Wed, 12 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441331