2001 (8) TMI 1416 - HC - VAT and Sales Tax

Summary

The High Court of Karnataka issued a judgment regarding a writ petition challenging an endorsement dated 13.11.1997 related to the Karnataka Tax on Entry of Goods Act 1979. The assessing authority proposed a best judgment assessment for the year 1989-90 due to alleged suppression of taxable transactions. The court ruled that a deferment order not communicated to the assessee cannot be considered for excluding the limitation period, citing a Supreme Court decision in FAG PRECISION BEARINGS /VS/ SALES TAX OFFICER (1997) 104 STC 143. The assessing authority was found to have the power to reopen the case within a period of eight.