https://www.taxtmi.com/caselaws?id=355102 Retrospective amendment enlarging the reassessment period under the KVAT Act applied to pending matters, so reassessment notices and completion within the extended time were not barred by limitation. The Karnataka HC also held that revisional jurisdiction was properly exercised because the appellate order had become unsustainable once the valid retrospective limitation regime displaced the earlier view. Section 32 did not prevent the proceedings, as the accounts-retention obligation had to be read consistently with the extended reassessment period and assessment includes reassessment. The revisional order was sustained and no relief was granted to the assessees. en-us Thu, 07 Dec 2017 00:00:00 +0530 Fri, 24 Aug 2018 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355102 Retrospective amendment enlarging the reassessment period under the KVAT Act applied to pending matters, so reassessment notices and completion within the extended time were not barred by limitation. The Karnataka HC also held that revisional jurisdiction was properly exercised because the appellate order had become unsustainable once the valid retrospective limitation regime displaced the earlier view. Section 32 did not prevent the proceedings, as the accounts-retention obligation had to be read consistently with the extended reassessment period and assessment includes reassessment. The revisional order was sustained and no relief was granted to the assessees. Case-Laws VAT and Sales Tax Thu, 07 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355102