Validity of re-assessment order - enlargement of time limitation ...

Court Rules Re-assessment Order Invalid: Section 40 Amendment Can't Retroactively Extend Time Limits Beyond Expired Periods.

November 20, 2021

Case Laws     VAT and Sales Tax     HC

Validity of re-assessment order - enlargement of time limitation with prospective effect or not - Section 39(1) of KVAT Act - The amendment made to Section 40 of the Act, cannot be construed so as to open up a liability which had become barred. Therefore, even by retrospective operation of law, the aforesaid vested right accrued to the petitioner cannot be taken away. - HC

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