https://www.taxtmi.com/caselaws?id=352402 The Madras HC construed the Central Sales Tax Act, 1956 and the Pondicherry Rules to require assessment soon after the close of the relevant year, holding that the statutory language did not allow an initial assessment to be deferred indefinitely. It further held that the five-year reassessment power could not be used to justify completing the first assessment nearly a decade later. On Form C declarations, the Court accepted that concessional tax treatment depends on proper statutory production, but ruled that the revenue could not keep the matter pending without limit and then apply the higher rate after such delay. The assessment orders were set aside. en-us Fri, 27 Oct 2017 00:00:00 +0530 Thu, 14 Dec 2017 09:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352402 The Madras HC construed the Central Sales Tax Act, 1956 and the Pondicherry Rules to require assessment soon after the close of the relevant year, holding that the statutory language did not allow an initial assessment to be deferred indefinitely. It further held that the five-year reassessment power could not be used to justify completing the first assessment nearly a decade later. On Form C declarations, the Court accepted that concessional tax treatment depends on proper statutory production, but ruled that the revenue could not keep the matter pending without limit and then apply the higher rate after such delay. The assessment orders were set aside. Case-Laws VAT and Sales Tax Fri, 27 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352402