https://www.taxtmi.com/caselaws?id=289216 Reassessment under Section 25A of the Kerala Value Added Tax Act was held to be barred where proceedings were initiated after the five-year limitation period from the end of the assessment year. The Court noted that limitation expired on 31.03.2015, while the first notice was issued only on 31.10.2015, and the record did not show timely initiation on the basis of any audit objection. Mere detection of an offence was insufficient to extend the statutory period. The reassessment proceedings were therefore liable to be set aside, and the assessment order was quashed in favour of the assessee. en-us Thu, 02 Feb 2017 00:00:00 +0530 Tue, 21 Jul 2020 08:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289216 Reassessment under Section 25A of the Kerala Value Added Tax Act was held to be barred where proceedings were initiated after the five-year limitation period from the end of the assessment year. The Court noted that limitation expired on 31.03.2015, while the first notice was issued only on 31.10.2015, and the record did not show timely initiation on the basis of any audit objection. Mere detection of an offence was insufficient to extend the statutory period. The reassessment proceedings were therefore liable to be set aside, and the assessment order was quashed in favour of the assessee. Case-Laws VAT and Sales Tax Thu, 02 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289216