Reopening of completed assessments - escaped turnover - These ...

Court Upholds Retrospective Application of KVAT Act's Section 42(3) But Limits Reopening of Expired Assessments u/r 58(20.

December 24, 2019

Case Laws VAT and Sales Tax HC

Reopening of completed assessments - escaped turnover - These writ petitions are disposed by upholding the retrospective operation of Section 42(3) of the KVAT Act, but declaring that the power to re-open assessments under the said provision cannot be exercised in relation to such assessments where the period for which the assessee concerned is obliged to retain the Books of account under Rule 58(20) of the KVAT Rules has expired

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Reopening of completed assessments - escaped turnover - These ...

Court Upholds Retrospective Application of KVAT Act's Section 42(3) But Limits Reopening of Expired Assessments u/r 58(20.

December 24, 2019

Case Laws VAT and Sales Tax HC

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