https://www.taxtmi.com/caselaws?id=351152 Madras HC held that an assessment based on alleged bill-trader dealings could not be sustained where it amounted to reopening a concluded assessment without new material. The Court applied its earlier ruling on identical facts and held that the statutory power under the Tamil Nadu General Sales Tax Act, 1959 had to be exercised within the prescribed time limit. Proceedings initiated beyond that limit were without jurisdiction and the impugned order was set aside. en-us Tue, 07 Nov 2017 00:00:00 +0530 Mon, 20 Nov 2017 07:27:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351152 Madras HC held that an assessment based on alleged bill-trader dealings could not be sustained where it amounted to reopening a concluded assessment without new material. The Court applied its earlier ruling on identical facts and held that the statutory power under the Tamil Nadu General Sales Tax Act, 1959 had to be exercised within the prescribed time limit. Proceedings initiated beyond that limit were without jurisdiction and the impugned order was set aside. Case-Laws VAT and Sales Tax Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351152