https://www.taxtmi.com/caselaws?id=756815 The HC held that tax assessments cannot be reopened based on subsequent SC judgments that change legal interpretation. The petitioner had originally received exemption for spare parts replacement during warranty period, which was later held taxable by SC in another case. The department attempted to reopen the concluded assessment using this subsequent judgment. The HC ruled this reopening was without jurisdiction and a colourable exercise of power, following precedent that finalized assessments should not be disturbed by later judicial pronouncements. The writ petition was allowed. en-us Thu, 01 Aug 2024 00:00:00 +0530 Sat, 10 Aug 2024 09:04:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756815 The HC held that tax assessments cannot be reopened based on subsequent SC judgments that change legal interpretation. The petitioner had originally received exemption for spare parts replacement during warranty period, which was later held taxable by SC in another case. The department attempted to reopen the concluded assessment using this subsequent judgment. The HC ruled this reopening was without jurisdiction and a colourable exercise of power, following precedent that finalized assessments should not be disturbed by later judicial pronouncements. The writ petition was allowed. Case-Laws VAT and Sales Tax Thu, 01 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756815