High Court Examines "Reason to Believe" in U.P. VAT Act Section 29 for Reassessment Validity in Tax Escapement Cases.

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....Validity of reassessment proceeding - Section 29 of the U.P. VAT Act, 2007 - interpretation of statute 'reason to believe' - escapement from tax - deemed sale of construction material - In any case being reassessment proceedings, the burden was on the revenue to disclose material to establish otherwise. - HC....