https://www.taxtmi.com/caselaws?id=374769 Section 25(1) of the Kerala Value Added Tax Act, 2003 was examined in relation to reassessment of a dealer on compounded tax, alleged suppressed turnover, rescission of a bilateral contract, refixation of compounded tax, and invocation of reassessment powers without an original assessment. Applying the ratio of The Commercial Tax Officer v. S. Najeem, the High Court treated the challenge to the reassessment as maintainable on limitation grounds and held that the reassessment had to conform to the limits recognised in that precedent. Exhibit P8 was therefore quashed to the extent it was time-barred, beyond the authority to reopen compounded-tax assessments, impermissibly rescinded the contract and refixed tax, or proceeded without an original assessment. en-us Thu, 31 Jan 2019 00:00:00 +0530 Sat, 09 Feb 2019 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374769 Section 25(1) of the Kerala Value Added Tax Act, 2003 was examined in relation to reassessment of a dealer on compounded tax, alleged suppressed turnover, rescission of a bilateral contract, refixation of compounded tax, and invocation of reassessment powers without an original assessment. Applying the ratio of The Commercial Tax Officer v. S. Najeem, the High Court treated the challenge to the reassessment as maintainable on limitation grounds and held that the reassessment had to conform to the limits recognised in that precedent. Exhibit P8 was therefore quashed to the extent it was time-barred, beyond the authority to reopen compounded-tax assessments, impermissibly rescinded the contract and refixed tax, or proceeded without an original assessment. Case-Laws VAT and Sales Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374769