https://www.taxtmi.com/caselaws?id=150930 Reassessment under section 19(1) of the Madhya Pradesh General Sales Tax Act, 1958 was held to be within limitation because the unamended provision allowed initiation within five calendar years from the expiry of the relevant year. For section 2(u), "year" meant the financial year ending on 31 March unless the dealer had opted for a different accounting year, and no such option was shown. On that basis, the relevant year ended on 31 March 1960 and the limitation period expired on 31 March 1965; the notice issued on 15 February 1965 was therefore valid. The later amended limitation provision did not apply, as the case was governed by the original statutory scheme. en-us Fri, 08 Nov 1974 00:00:00 +0530 Fri, 24 May 2013 17:50:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150930 Reassessment under section 19(1) of the Madhya Pradesh General Sales Tax Act, 1958 was held to be within limitation because the unamended provision allowed initiation within five calendar years from the expiry of the relevant year. For section 2(u), "year" meant the financial year ending on 31 March unless the dealer had opted for a different accounting year, and no such option was shown. On that basis, the relevant year ended on 31 March 1960 and the limitation period expired on 31 March 1965; the notice issued on 15 February 1965 was therefore valid. The later amended limitation provision did not apply, as the case was governed by the original statutory scheme. Case-Laws VAT and Sales Tax Fri, 08 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150930