1996 (7) TMI 534 - HC - VAT and Sales Tax

Summary

The High Court of Andhra Pradesh allowed the tax revision case, stating that lack of diligence at the initial assessment time does not justify reassessment under section 14(4) of the Sales Tax Act if no new material is discovered later. The Court set aside the reassessment order as no fresh material was found, and the case was decided in favor of the petitioner without costs. (Girdharlal & Company v. State of Andhra Pradesh [1995] 97 STC 442)