https://www.taxtmi.com/caselaws?id=250493 A penalty order under the Kerala Value Added Tax Act was held to be time-barred because the proviso to Section 67(1) required disposal within three years from detection of the offence, and no extension had been shown. The proceedings commenced in January 2010 but the final order was issued only in May 2014, beyond the statutory period. On the seized gold, the records showed acceptance that it belonged to third parties, and no surviving claim remained after the tax penalty order was set aside. The consequential demand was quashed and the gold was directed to be released without further retention. en-us Wed, 09 Jul 2014 00:00:00 +0530 Thu, 14 Aug 2014 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250493 A penalty order under the Kerala Value Added Tax Act was held to be time-barred because the proviso to Section 67(1) required disposal within three years from detection of the offence, and no extension had been shown. The proceedings commenced in January 2010 but the final order was issued only in May 2014, beyond the statutory period. On the seized gold, the records showed acceptance that it belonged to third parties, and no surviving claim remained after the tax penalty order was set aside. The consequential demand was quashed and the gold was directed to be released without further retention. Case-Laws VAT and Sales Tax Wed, 09 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250493