1998 (2) TMI 589

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..... 221/92 (1985-86 Provincial). 2. Having heard learned Standing Counsel in support of this revision, in my opinion, it is devoid of merit and no interference with the order of the Tribunal is called for. 3. The dispute relates to the Assessment Year 1985-86. The assessee dealt in the business of limestone and lime. The assessment for that year was initially completed on a turnonver of ₹ .....

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..... ned without any year. A perusal of the information further revealed that it related to some other dealer. The Tribunal ultimately held that the information which was the basis for reassessment was not specific and was vague and in any case, it could not be co-related with the Assessment Year 1985-86 and at best the information may arose suspicion but no assessment can be made on the basis of surmi .....

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