https://www.taxtmi.com/caselaws?id=333794 Section 25(1) of the Kerala Value Added Tax Act required reassessment notice to be issued within five years from the last date of the relevant year, and provisos extending time for completion could not revive a time-barred notice. Section 25B was confined to extending the period for completing assessment and could not authorise initiation after expiry of the Section 25(1) limitation. Penalty proceedings under Section 67(1) of the KVAT Act and Section 45A of the KGST Act had to comply with their statutory or reasonable time limits, and excessive delay made them unsustainable. Section 25A could apply only where a valid audit objection existed; without it, reassessment was not maintainable. en-us Wed, 05 Oct 2016 00:00:00 +0530 Tue, 24 Mar 2020 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333794 Section 25(1) of the Kerala Value Added Tax Act required reassessment notice to be issued within five years from the last date of the relevant year, and provisos extending time for completion could not revive a time-barred notice. Section 25B was confined to extending the period for completing assessment and could not authorise initiation after expiry of the Section 25(1) limitation. Penalty proceedings under Section 67(1) of the KVAT Act and Section 45A of the KGST Act had to comply with their statutory or reasonable time limits, and excessive delay made them unsustainable. Section 25A could apply only where a valid audit objection existed; without it, reassessment was not maintainable. Case-Laws VAT and Sales Tax Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333794