2022 (7) TMI 1424 - SCH - VAT and Sales Tax

Maintainability of reassessment under Section 43 of the OVAT Act - absence of completion of assessment under Sections 39, 40, 42 or 44 of the OVAT Act - HELD THAT - The High Court has passed the impugned order(s) on the interpretation of relevant provisions, more particularly Section 43(1) of the Odisha Value Added Tax Act, 2004, which was prevailing prior to the amendment - the view taken by the High Court is agreed upon - No interference of this Court is called for in exercise of powers under Article 136 of the Constitution of India. SLP dismissed.

Summary

The Supreme Court dismissed the Special Leave Petitions, agreeing with the High Court's interpretation of Section 43(1) of the Odisha Value Added Tax Act, 2004. No interference by the Court was necessary.