https://www.taxtmi.com/caselaws?id=289753 A statutory extension of time for completing an assessment must be exercised before the prescribed limitation period expires; once the period lapses, the power to complete the assessment is extinguished and cannot be revived by a later extension. Because the request for further time under the Odisha Value Added Tax Act was made after the six-month period had already ended, the assessment orders were without jurisdiction and could not be sustained. The writ petitions succeeded and the impugned assessments were set aside in favour of the assessee. en-us Wed, 10 Apr 2019 00:00:00 +0530 Thu, 14 Nov 2024 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289753 A statutory extension of time for completing an assessment must be exercised before the prescribed limitation period expires; once the period lapses, the power to complete the assessment is extinguished and cannot be revived by a later extension. Because the request for further time under the Odisha Value Added Tax Act was made after the six-month period had already ended, the assessment orders were without jurisdiction and could not be sustained. The writ petitions succeeded and the impugned assessments were set aside in favour of the assessee. Case-Laws VAT / Sales Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289753