https://www.taxtmi.com/caselaws?id=164530 Assessment proceedings that had already become time-barred under the unamended limitation period could not be revived by a later amendment extending the assessment period, because the amendment was not shown to operate retrospectively so as to restore an extinguished power. The settled principle applied was that an assessee acquires a vested right not to be proceeded against once the statutory limitation expires, and a subsequent amendment cannot reopen a time-barred assessment unless the statute clearly so provides. The special validating provision was confined to its expressly covered class and period and did not authorise the impugned assessments, so the assessments and consequential demands were quashed. en-us Tue, 21 Jul 2009 00:00:00 +0530 Wed, 05 Nov 2014 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164530 Assessment proceedings that had already become time-barred under the unamended limitation period could not be revived by a later amendment extending the assessment period, because the amendment was not shown to operate retrospectively so as to restore an extinguished power. The settled principle applied was that an assessee acquires a vested right not to be proceeded against once the statutory limitation expires, and a subsequent amendment cannot reopen a time-barred assessment unless the statute clearly so provides. The special validating provision was confined to its expressly covered class and period and did not authorise the impugned assessments, so the assessments and consequential demands were quashed. Case-Laws VAT and Sales Tax Tue, 21 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164530