https://www.taxtmi.com/caselaws?id=448043 Completed VAT assessments could not be reopened under Section 29(7) of the U.P. Value Added Tax, 2008 when the only basis for reopening was a prior High Court ruling that the Supreme Court had later set aside. The assessments had been finalised under Section 28(2), and the reopening was sought solely because of the earlier Modi Naturals decision used to deny full input tax credit. Once that judgment was overturned and full input tax credit was required to be granted, the foundation for reopening disappeared. In the absence of any independent ground for action under Section 29(7), the reopening notices and the approval were quashed. en-us Mon, 08 Jan 2024 00:00:00 +0530 Wed, 10 Jan 2024 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448043 Completed VAT assessments could not be reopened under Section 29(7) of the U.P. Value Added Tax, 2008 when the only basis for reopening was a prior High Court ruling that the Supreme Court had later set aside. The assessments had been finalised under Section 28(2), and the reopening was sought solely because of the earlier Modi Naturals decision used to deny full input tax credit. Once that judgment was overturned and full input tax credit was required to be granted, the foundation for reopening disappeared. In the absence of any independent ground for action under Section 29(7), the reopening notices and the approval were quashed. Case-Laws VAT and Sales Tax Mon, 08 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448043