https://www.taxtmi.com/caselaws?id=153546 The Madras High Court ruled in a case involving reassessment under the Central Sales Tax Act for the year 1962-63. The court determined that the reassessment proceedings initiated in 1968 were within the five-year limitation period, rejecting the argument that the proceedings began in 1974. The court clarified that errors in the reassessment order did not reset the initiation date, and the limitation period should be calculated from the notice reopening the assessment. As a result, the reassessment order taxing the turnover at 7 per cent was upheld, dismissing the revision with costs. en-us Thu, 08 Jan 1981 00:00:00 +0530 Wed, 24 Jul 2013 17:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153546 The Madras High Court ruled in a case involving reassessment under the Central Sales Tax Act for the year 1962-63. The court determined that the reassessment proceedings initiated in 1968 were within the five-year limitation period, rejecting the argument that the proceedings began in 1974. The court clarified that errors in the reassessment order did not reset the initiation date, and the limitation period should be calculated from the notice reopening the assessment. As a result, the reassessment order taxing the turnover at 7 per cent was upheld, dismissing the revision with costs. Case-Laws VAT and Sales Tax Thu, 08 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153546