https://www.taxtmi.com/caselaws?id=259964 The default assessment notice issued on 09.07.2014 was deemed time-barred as the court found that the respondent did not invoke the proviso to section 34(1) or provide a valid 'reason to believe' for the extended assessment period. The court emphasized the importance of clearly recording reasons for extending the assessment period to ensure fairness. Consequently, the time-barred notice was quashed, allowing the revenue to pursue other lawful actions. The writ petition was allowed with no order as to costs, concluding the judgment on the matter. en-us Thu, 14 May 2015 00:00:00 +0530 Wed, 27 May 2015 06:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259964 The default assessment notice issued on 09.07.2014 was deemed time-barred as the court found that the respondent did not invoke the proviso to section 34(1) or provide a valid 'reason to believe' for the extended assessment period. The court emphasized the importance of clearly recording reasons for extending the assessment period to ensure fairness. Consequently, the time-barred notice was quashed, allowing the revenue to pursue other lawful actions. The writ petition was allowed with no order as to costs, concluding the judgment on the matter. Case-Laws VAT and Sales Tax Thu, 14 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259964