https://www.taxtmi.com/caselaws?id=336111 A provisional assessment for only part of an assessment year could not be sustained after the year had ended where the statute contemplated a complete annual assessment. The Madras HC noted that the authority had to make a final assessment after hearing the assessee rather than keep the matter provisional. It also held that, where the dealer's turnover crossed the statutory threshold and the time for filing the audit report under the Tamil Nadu VAT law had not expired, the assessing authority was bound to await that report before finalising assessment. The impugned assessment was quashed, leaving completion of assessment open after the audit report was filed and considered in accordance with law. en-us Tue, 22 Nov 2016 00:00:00 +0530 Fri, 16 Dec 2016 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336111 A provisional assessment for only part of an assessment year could not be sustained after the year had ended where the statute contemplated a complete annual assessment. The Madras HC noted that the authority had to make a final assessment after hearing the assessee rather than keep the matter provisional. It also held that, where the dealer's turnover crossed the statutory threshold and the time for filing the audit report under the Tamil Nadu VAT law had not expired, the assessing authority was bound to await that report before finalising assessment. The impugned assessment was quashed, leaving completion of assessment open after the audit report was filed and considered in accordance with law. Case-Laws VAT and Sales Tax Tue, 22 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336111