https://www.taxtmi.com/highlights?id=50859 Reopening of completed assessments - escaped turnover - These writ petitions are disposed by upholding the retrospective operation of Section 42(3) of the KVAT Act, but declaring that the power to re-open assessments under the said provision cannot be exercised in relation to such assessments where the period for which the assessee concerned is obliged to retain the Books of account under Rule 58(20) of the KVAT Rules has expired en-us Tue, 24 Dec 2019 09:40:03 +0530 Tue, 24 Dec 2019 09:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50859 Reopening of completed assessments - escaped turnover - These writ petitions are disposed by upholding the retrospective operation of Section 42(3) of the KVAT Act, but declaring that the power to re-open assessments under the said provision cannot be exercised in relation to such assessments where the period for which the assessee concerned is obliged to retain the Books of account under Rule 58(20) of the KVAT Rules has expired Highlights VAT and Sales Tax Tue, 24 Dec 2019 09:40:03 +0530 https://www.taxtmi.com/highlights?id=50859