1974 (3) TMI 111 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad ruled that the reassessment under section 21 of the U.P. Sales Tax Act for the assessment year 1963-64 was not justified. The Sales Tax Officer had issued a notice for reassessment based on a survey report, but the Revising Authority found no "reason to believe" for reopening the assessment. The reassessment was annulled, and any tax paid was to be refunded. The question of law was answered in favor of the assessee.