TaxTMI 
TaxTMI 
DISCOVERY OF NEW FACTS.
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....ISCOVERY OF NEW FACTS.<br> Query (Issue) Started By: - Sadanand Bulbule Dated:- 27-6-2019 Last Reply Date:- 17-5-2020 VAT + CST<br>Got 3 Replies<br>VAT / Sales Tax<br>Sir Section 6-A(3) of the CST A....
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....ct,1956 provides for further reassessment of interstate stock transfers on the condition that, there shall be " discovery of new facts". The legal position being so, what are the possible n....
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....ew facts that could be discovered by the assessing authority to re-open the concluded original reassessment three years back? In the absence of any new facts discovered, whether assessing authority c....
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....an invoke the jurisdiction under Section 6-A(3) of the CST Act? pl enlighten with judicial rulings, if any. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: The discovery of new facts by the assessin....
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....g authority is according to the facts and circumstances of the cases including the nature of tranasctions. In the absence of any facts newly discovered the assessing authority, in my view, cannot invo....
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....ke reassessment. Reply By Sadanand Bulbule: The Reply: Thank you so much Sir.🙏 Reply By YAGAY andSUN: The Reply: discovery of new facts, means the material facts that had impact on the ass....
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....essment or in other words, on which basis there was possibility to evade taxable turnover, non deposition of tax collected etc.<br> Discussion Forum - Knowledge Sharing ....