https://www.taxtmi.com/caselaws?id=161155 The judgment addressed a revision petition challenging a reassessment order under section 12 of the old Act for the assessment year 1986-87. The petitioner contested the reassessment based on the five-year limitation period for issuing the notice under section 12, arguing that the notice was beyond the prescribed timeframe. The court emphasized the importance of complying with statutory timelines, ruling that the reassessment order was invalid as no notice under section 12 was issued within the limitation period. The petition was allowed, setting aside the reassessment order and highlighting the significance of applying the correct limitation period at the time of notice issuance. en-us Tue, 27 Feb 1996 00:00:00 +0530 Tue, 07 Jan 2014 18:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161155 The judgment addressed a revision petition challenging a reassessment order under section 12 of the old Act for the assessment year 1986-87. The petitioner contested the reassessment based on the five-year limitation period for issuing the notice under section 12, arguing that the notice was beyond the prescribed timeframe. The court emphasized the importance of complying with statutory timelines, ruling that the reassessment order was invalid as no notice under section 12 was issued within the limitation period. The petition was allowed, setting aside the reassessment order and highlighting the significance of applying the correct limitation period at the time of notice issuance. Case-Laws VAT and Sales Tax Tue, 27 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161155