https://www.taxtmi.com/caselaws?id=163001 The statutory power to extend time for completing assessment had to be exercised while the limitation period was still running; once the prescribed three-year period expired, the authority to complete the assessment was extinguished and the assessee obtained the benefit of limitation. The Court held that, in the absence of express words authorising post-expiry extension, a belated deferment order could not revive a time-barred assessment. Applying analogous sales tax principles, it ruled that the Commissioner could not validly extend the assessment period after it had already become barred. en-us Tue, 26 Aug 2008 00:00:00 +0530 Sat, 29 Nov 2014 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163001 The statutory power to extend time for completing assessment had to be exercised while the limitation period was still running; once the prescribed three-year period expired, the authority to complete the assessment was extinguished and the assessee obtained the benefit of limitation. The Court held that, in the absence of express words authorising post-expiry extension, a belated deferment order could not revive a time-barred assessment. Applying analogous sales tax principles, it ruled that the Commissioner could not validly extend the assessment period after it had already become barred. Case-Laws VAT and Sales Tax Tue, 26 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163001