https://www.taxtmi.com/caselaws?id=367073 The High Court upheld the Tribunal's decision to set aside delayed assessments, citing the M/s Subh Timb Steel Ltd. case, which established a five-year limit for completing assessments. The Court rejected the State's argument that the judgment should not apply retrospectively, emphasizing that procedural laws, including time limits, apply to ongoing cases. The Court concluded that the delayed assessments were unsustainable, affirming the Tribunal's orders and emphasizing the importance of completing assessments within a reasonable period. en-us Tue, 11 Sep 2018 00:00:00 +0530 Sat, 15 Sep 2018 07:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367073 The High Court upheld the Tribunal's decision to set aside delayed assessments, citing the M/s Subh Timb Steel Ltd. case, which established a five-year limit for completing assessments. The Court rejected the State's argument that the judgment should not apply retrospectively, emphasizing that procedural laws, including time limits, apply to ongoing cases. The Court concluded that the delayed assessments were unsustainable, affirming the Tribunal's orders and emphasizing the importance of completing assessments within a reasonable period. Case-Laws VAT and Sales Tax Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367073