https://www.taxtmi.com/caselaws?id=161942 The substituted assessment-limitation provision under the Punjab General Sales Tax Act required assessment completion within three years from the last prescribed date for filing the final return. Because the amendment took effect before the final return for the relevant assessment year became due and the return was filed thereafter, the law in force when the return was filed or required to be filed governed the assessee's rights and obligations. The limitation created a substantive right to timely finalisation of assessment. Consequently, proceedings initiated after expiry of the three-year period were without jurisdiction and invalid. en-us Tue, 04 May 2004 00:00:00 +0530 Mon, 08 Jul 2024 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161942 The substituted assessment-limitation provision under the Punjab General Sales Tax Act required assessment completion within three years from the last prescribed date for filing the final return. Because the amendment took effect before the final return for the relevant assessment year became due and the return was filed thereafter, the law in force when the return was filed or required to be filed governed the assessee's rights and obligations. The limitation created a substantive right to timely finalisation of assessment. Consequently, proceedings initiated after expiry of the three-year period were without jurisdiction and invalid. Case-Laws VAT and Sales Tax Tue, 04 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161942