https://www.taxtmi.com/caselaws?id=258776 An amendment extending the reassessment limitation period from five years to six years under section 27(1)(a) of the Tamil Nadu Value Added Tax Act was held to operate prospectively unless clear retrospective intent is shown. Because the relevant assessment year had already ended and the reassessment power was already time-barred under the earlier five-year period, the extended limitation could not be used to revive the expired authority. The reassessment order was therefore barred by limitation, and the impugned order was set aside. en-us Wed, 01 Apr 2015 00:00:00 +0530 Fri, 17 Apr 2015 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258776 An amendment extending the reassessment limitation period from five years to six years under section 27(1)(a) of the Tamil Nadu Value Added Tax Act was held to operate prospectively unless clear retrospective intent is shown. Because the relevant assessment year had already ended and the reassessment power was already time-barred under the earlier five-year period, the extended limitation could not be used to revive the expired authority. The reassessment order was therefore barred by limitation, and the impugned order was set aside. Case-Laws VAT and Sales Tax Wed, 01 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258776