https://www.taxtmi.com/caselaws?id=400526 A reopening notice for escaped turnover under the Kerala Value Added Tax Act, 2003 was held time-barred because the applicable limitation period had already expired before the notice was issued. The Court applied the earlier binding view that the later six-year amendment could not retrospectively revive a reassessment power where the original five-year period under Section 25(1) had already run out. As the limitation expired on 31.03.2019 and the notice was issued on 18.01.2020, the reassessment proceedings were unsustainable. en-us Fri, 30 Oct 2020 00:00:00 +0530 Tue, 10 Nov 2020 07:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400526 A reopening notice for escaped turnover under the Kerala Value Added Tax Act, 2003 was held time-barred because the applicable limitation period had already expired before the notice was issued. The Court applied the earlier binding view that the later six-year amendment could not retrospectively revive a reassessment power where the original five-year period under Section 25(1) had already run out. As the limitation expired on 31.03.2019 and the notice was issued on 18.01.2020, the reassessment proceedings were unsustainable. Case-Laws VAT and Sales Tax Fri, 30 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400526