https://www.taxtmi.com/caselaws?id=768836 In a works-contract composition regime, land value forming part of an immovable property transaction cannot be included in taxable turnover because tax is confined to the transfer of goods in a works contract. Suo motu revision is valid only where the reassessment order is both erroneous and prejudicial to the Revenue; a mere change of opinion on the same material does not satisfy that jurisdictional test. Proceedings that have attained finality under the Karasamadhana Scheme cannot be reopened in revision after settlement, as the statutory closure cannot be unsettled by later revisional action. en-us Wed, 02 Apr 2025 00:00:00 +0530 Tue, 15 Apr 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768836 In a works-contract composition regime, land value forming part of an immovable property transaction cannot be included in taxable turnover because tax is confined to the transfer of goods in a works contract. Suo motu revision is valid only where the reassessment order is both erroneous and prejudicial to the Revenue; a mere change of opinion on the same material does not satisfy that jurisdictional test. Proceedings that have attained finality under the Karasamadhana Scheme cannot be reopened in revision after settlement, as the statutory closure cannot be unsettled by later revisional action. Case-Laws VAT / Sales Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768836