Court Rules on AO's Jurisdiction: Tax Assessment Order Exceeded 5-Year Limit, Invalidated 10% CST Tax Imposition.

Court Rules on AO's Jurisdiction: Tax Assessment Order Exceeded 5-Year Limit, Invalidated 10% CST Tax Imposition. https://www.taxtmi.com/highlights?id=37175 Jurisdiction - power of AO to pass order after almost 11 years from the end of the year which is beyond the period of limitation - imposition of the additional tax @ 10% for non-submission of Form 'C' for CST sales - When a statute mandates re-assessment to be done, within five years, it cannot be contended that assessment can be done at any time - HC en-us Thu, 14 Dec 2017 09:57:01 +0530 Thu, 14 Dec 2017 09:57:01 +0530 TaxTMI RSS Generator Court Rules on AO's Jurisdiction: Tax Assessment Order Exceeded 5-Year Limit, Invalidated 10% CST Tax Imposition. https://www.taxtmi.com/highlights?id=37175 Jurisdiction - power of AO to pass order after almost 11 years from the end of the year which is beyond the period of limitation - imposition of the additional tax @ 10% for non-submission of Form 'C' for CST sales - When a statute mandates re-assessment to be done, within five years, it cannot be contended that assessment can be done at any time - HC Highlights VAT and Sales Tax Thu, 14 Dec 2017 09:57:01 +0530 https://www.taxtmi.com/highlights?id=37175