Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
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The HC quashed the Audit Assessment Order dated 21.03.2025 and the notice dated 01.05.2024 issued in Form VAT-306 as void for want of jurisdiction and as time-barred. The court held the AVR was invalid because Section 41(4)'s mandatory time-limit was not complied with; consequently the Assessing Authority could not lawfully invoke Section 42 after having earlier proceeded under Section 43. Section 49(2) cannot be used to cure an intra-statutory jurisdictional error where the authority erroneously chose Section 43 over Section 42. All proceedings and consequential acts founded on the invalid AVR and the delayed Form VAT-306 notice therefore collapsed and the petition was allowed.
The HC quashed the Audit Assessment Order dated 21.03.2025 and the notice dated 01.05.2024 issued in Form VAT-306 as void for want of jurisdiction and as time-barred. The court held the AVR was invalid because Section 41(4)'s mandatory time-limit was not complied with; consequently the Assessing Authority could not lawfully invoke Section 42 after having earlier proceeded under Section 43. Section 49(2) cannot be used to cure an intra-statutory jurisdictional error where the authority erroneously chose Section 43 over Section 42. All proceedings and consequential acts founded on the invalid AVR and the delayed Form VAT-306 notice therefore collapsed and the petition was allowed.
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