TaxTMI 
TaxTMI 
Dear sir ,
what is the time limit of issuance of notice under sec 29 of uttrakhand vat ,if notice is regarding financial year 2009-10?
TIME LIMIT FOR ISSUE OF NOTICE U/S 29 OF UTTRAKHAND VAT
13 Aug 2015 
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Limitation for reassessment: default time limits apply with conditional extensions permitting later assessments under specified authority.
Section 29 empowers the assessing authority to reassess turnover and tax where turnover has escaped assessment or been under assessed, after recording reasons, serving notice and affording a hearing; reassessed tax is charged at the rate that would have applied but assessment to the best of judgment remains permitted. Time limits apply: generally no reassessment after three years from year end, with provisions allowing reassessment within three years and nine months if notice served within three years and six months, and a Commissioner's power to extend up to six years where just and expedient. (AI Summary)
Section 29 empowers the assessing authority to reassess turnover and tax where turnover has escaped assessment or been under assessed, after recording reasons, serving notice and affording a hearing; reassessed tax is charged at the rate that would have applied but assessment to the best of judgment remains permitted. Time limits apply: generally no reassessment after three years from year end, with provisions allowing reassessment within three years and nine months if notice served within three years and six months, and a Commissioner's power to extend up to six years where just and expedient. (AI Summary)