https://www.taxtmi.com/caselaws?id=162627 Where a statute confers suo motu revisional power without prescribing a limitation period, the power is not governed by the assessment period and must instead be exercised within a reasonable time. The reasonableness of delay depends on the facts, but an unexplained and excessive lapse makes the exercise arbitrary and unsustainable. On the facts stated, a revisional notice issued more than five years after the assessment order, without any special justification, was treated as beyond a reasonable time and invalid, and the challenge succeeded in favour of the assessee. en-us Fri, 22 Dec 2006 00:00:00 +0530 Mon, 09 Sep 2019 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162627 Where a statute confers suo motu revisional power without prescribing a limitation period, the power is not governed by the assessment period and must instead be exercised within a reasonable time. The reasonableness of delay depends on the facts, but an unexplained and excessive lapse makes the exercise arbitrary and unsustainable. On the facts stated, a revisional notice issued more than five years after the assessment order, without any special justification, was treated as beyond a reasonable time and invalid, and the challenge succeeded in favour of the assessee. Case-Laws VAT and Sales Tax Fri, 22 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162627