https://www.taxtmi.com/caselaws?id=158414 The limitation period for reassessing escaped turnover under the Tamil Nadu General Sales Tax Act governs reopening by the revisional authority as well, and reassessment initiated or concluded beyond the prescribed five-year period is invalid. Here, although notice was issued within time, the reassessment itself was completed after expiry of the statutory period, so the additional turnover could not be sustained. Once the reassessment was time-barred, the basis for penalty also disappeared, and penalty proceedings could not survive. The tribunal's order setting aside both the reassessment and penalty was therefore affirmed. en-us Wed, 05 Jul 1995 00:00:00 +0530 Mon, 28 Oct 2013 12:37:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158414 The limitation period for reassessing escaped turnover under the Tamil Nadu General Sales Tax Act governs reopening by the revisional authority as well, and reassessment initiated or concluded beyond the prescribed five-year period is invalid. Here, although notice was issued within time, the reassessment itself was completed after expiry of the statutory period, so the additional turnover could not be sustained. Once the reassessment was time-barred, the basis for penalty also disappeared, and penalty proceedings could not survive. The tribunal's order setting aside both the reassessment and penalty was therefore affirmed. Case-Laws VAT and Sales Tax Wed, 05 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158414