https://www.taxtmi.com/caselaws?id=237985 Reassessment proceedings under the Tamil Nadu General Sales Tax Act were held time-barred where the escaped turnover notice and revised order were issued after the five-year limitation period under the unamended Section 16(1)(a) had expired. The court held that the amended limitation provision, which shifted the starting point from the end of the assessment year to the date of the final assessment order, operated prospectively and could not be used to validate proceedings already out of time. The impugned reassessment was therefore invalid and unsustainable. en-us Fri, 30 Aug 2013 00:00:00 +0530 Mon, 07 Jul 2014 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237985 Reassessment proceedings under the Tamil Nadu General Sales Tax Act were held time-barred where the escaped turnover notice and revised order were issued after the five-year limitation period under the unamended Section 16(1)(a) had expired. The court held that the amended limitation provision, which shifted the starting point from the end of the assessment year to the date of the final assessment order, operated prospectively and could not be used to validate proceedings already out of time. The impugned reassessment was therefore invalid and unsustainable. Case-Laws VAT and Sales Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237985