https://www.taxtmi.com/caselaws?id=751774 Reassessment under the Uttarakhand Value Added Tax Act may be initiated and completed within six years from the end of the relevant assessment year, even where it involves a change of opinion, where the statute expressly permits it. Nylon Chips retained their essential character as plastics after compounding; fillers and additives did not alter that identity. They therefore fall within the Schedule II(B) entry for plastic granules rather than attracting the higher unclassified rate. The revision failed on merits, affirming both the timeliness of reassessment and the product classification. en-us Mon, 08 Apr 2024 00:00:00 +0530 Thu, 25 Apr 2024 06:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751774 Reassessment under the Uttarakhand Value Added Tax Act may be initiated and completed within six years from the end of the relevant assessment year, even where it involves a change of opinion, where the statute expressly permits it. Nylon Chips retained their essential character as plastics after compounding; fillers and additives did not alter that identity. They therefore fall within the Schedule II(B) entry for plastic granules rather than attracting the higher unclassified rate. The revision failed on merits, affirming both the timeliness of reassessment and the product classification. Case-Laws VAT and Sales Tax Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751774