https://www.taxtmi.com/caselaws?id=291439 Rule 32(21) of the KGST Rules required preservation of accounts and connected records for two years from completion of final assessment, or from disposal of any connected appeal, revision or other proceeding, whichever was later. As the assessments had attained finality and no pending connected proceeding was shown, the compulsory preservation period had expired before the notices were issued. The notices demanding production of the old books of account were therefore unsustainable, and the penalty proposal based on those notices could not survive. The department was, however, left free to gather information and proceed in accordance with law if material existed to reopen the assessments. en-us Thu, 22 Nov 2007 00:00:00 +0530 Tue, 10 Nov 2020 16:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291439 Rule 32(21) of the KGST Rules required preservation of accounts and connected records for two years from completion of final assessment, or from disposal of any connected appeal, revision or other proceeding, whichever was later. As the assessments had attained finality and no pending connected proceeding was shown, the compulsory preservation period had expired before the notices were issued. The notices demanding production of the old books of account were therefore unsustainable, and the penalty proposal based on those notices could not survive. The department was, however, left free to gather information and proceed in accordance with law if material existed to reopen the assessments. Case-Laws VAT and Sales Tax Thu, 22 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291439