The matter was then taken to the High Court by the appellant by way of revision which was dismissed by the High Court by holding that the assessment year in question was 1988 89 and the limitation for reopening had expired on March 31, 1994.
Notice in this case had been issued under Section 12 of the Rajasthan Sales Tax Act, 1954 seeking to reassess the tax in respect of the accounting year January 1, 1988 to December 31, 1988.
The numberice was issued on March 15, 1995.
It is evident that the High Court has erred in companying to the companyclusion that the assessment year in question was 1988 89.
After the reassessment order was made, the respondent filed an appeal before the Deputy Commissioner Appeals , but without success.
Thereupon, on a second appeal being filed by the respondent, the same was allowed by the Rajasthan Tax Board.
Hence, the reassessment made was quashed.
We have heard the learned companynsel for the parties.
Special leave granted.
