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TMI Blog2014 (11) TMI 1060X X X X Extracts X X X X X X X X Extracts X X X X ..... ction 12(7) ibid, the provisions of the KST Act relating to the assessment of escaped turnover shall mutatis mutandis apply to such deemed assessment also. Therefore, proceedings under Section 12A can be initiated even in respect of deemed assessment. - Decided against the petitioner - S. T. R. P. No. 1007 of 2013 - - - Dated:- 5-11-2014 - Mohan M. Shantanagoudar and Ashok B. Hinchigeri, JJ. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s that the assessment is deemed to have been completed on August 23, 2003 (three years from the date of filing of the returns). However, formally the deemed assessment order also came to be passed on December 29, 2003. 3. Be that as it may, from the facts as revealed from the records it is clear that the assessment deemed to have been completed in respect of the returns for the year 1999-2000 f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ies as well as the Appellate Tribunal. The authorities as well as the Tribunal have correctly answered the said points against the petitioner. 6. In the matter on hand, as aforementioned, three years as contemplated under section 12(5) of the KST Act expired only on August 23, 2003, on which date the return submitted by the petitioner is deemed to have been assessed by lapse of three years time ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... within the time specified in sub-section (5), the total and the taxable turnover declared by a dealer in his annual return shall be deemed to have been assessed for that year on the basis of the said return and the provisions of this Act relating to assessment of escaped turnover, payment and recovery, appeal and revision shall mutatis mutandis apply to such deemed assessment. 8. From the afo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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