9911796707
TMI Blog2019 (10) TMI 1322X X X X Extracts X X X X X X X X Extracts X X X X ..... be five years from the date of assessment order. Whereas, in the present case on hand, the revision notice was issued only on 10.03.2016, i.e., after a period of five years. The revision notice must have been issued before 26.04.2015. Eventhough the sale omission was said to have forwarded by the inspecting officers during surprise Inspection on 10.12.2014, they have not taken any steps to issue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s effected from Valli and Sons. It is stated that the purchase omission came to effected from Valli and Sons. It is stated that the purchase omission came to the knowledge of the respondent, pursuant to the inspection conducted on 10.12.2014. The sales suppression was estimated at ₹ 45,99,487/-and with addition of 5% gross profit, a penalty of ₹ 10,44,533/- was levied under Section 27( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (16) VST 188 (Mad)] has categorically found that revising the assessment order after the time limit provided under statute is barred by limitation. The said decision will squarely apply to the case on hand. Since, the revision was made after a period of five years, it is barred by limitation as per Section 27 of TNVAT Act. 3. Accordingly, the impugned order dated 29.07.2019 passed in the pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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