https://www.taxtmi.com/caselaws?id=100713 Under the Punjab General Sales Tax Act, the Supreme Court of India held that sales tax assessment could validly commence before the close of the assessment year on the basis of quarterly or other periodical returns. The statutory scheme required registered dealers to file such returns and pay tax accordingly, and empowered the assessing authority to accept them or call for evidence if dissatisfied; the Court rejected the argument that an annual tax could be assessed only at year-end and held that these assessments were not merely provisional. en-us Thu, 04 Dec 1969 00:00:00 +0530 Wed, 18 Sep 2013 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100713 Under the Punjab General Sales Tax Act, the Supreme Court of India held that sales tax assessment could validly commence before the close of the assessment year on the basis of quarterly or other periodical returns. The statutory scheme required registered dealers to file such returns and pay tax accordingly, and empowered the assessing authority to accept them or call for evidence if dissatisfied; the Court rejected the argument that an annual tax could be assessed only at year-end and held that these assessments were not merely provisional. Case-Laws VAT and Sales Tax Thu, 04 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100713