Assessment/reassessment of tax in certain circumstances.

Where an assessment or re-assessment of a dealer has been made under this Act or the Act repealed by this Act and for any reason any sale or purchase of goods liable to tax under this Act or the Act repealed by this Act during any period : (a) has been under assessed or has escaped assessment, or (b) has been assessed at a lower rate, or (c) any wrong deduction has been made while making the assessment or (d) a rebate of input tax has incorrectly been allowed while making the assessment, (e) is rendered erroneous and prejudicial to the interest of revenue due to or in the light of any judgment or order of any Court or Board, which has become final.