https://www.taxtmi.com/highlights?id=57299 Initiation of proceedings of reassessment - pendency of proceedings under the Act do not exist - after more than 7 years, on the basis of objection of audit para, the authority concerned had initiated the proceedings of reassessment by invoking the provision of Section 34 (8A) of the VAT Act. The pre-condition for invoking the provision of Section 34 (8A) of the Act is that, there must be a pendency of proceedings under the Act, which does not fulfill in the present case. - HC en-us Wed, 24 Mar 2021 13:29:40 +0530 Wed, 24 Mar 2021 13:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57299 Initiation of proceedings of reassessment - pendency of proceedings under the Act do not exist - after more than 7 years, on the basis of objection of audit para, the authority concerned had initiated the proceedings of reassessment by invoking the provision of Section 34 (8A) of the VAT Act. The pre-condition for invoking the provision of Section 34 (8A) of the Act is that, there must be a pendency of proceedings under the Act, which does not fulfill in the present case. - HC Highlights VAT and Sales Tax Wed, 24 Mar 2021 13:29:40 +0530 https://www.taxtmi.com/highlights?id=57299