https://www.taxtmi.com/caselaws?id=294908 Reassessment under the Tamil Nadu Value Added Tax Act was held time-barred because the original assessment was completed on 10.06.2011 and the five-year limitation expired on 09.06.2016. The later amendment to Section 27, introduced by Act 23 of 2012 with effect from 19.06.2012, was treated as prospective and could not be applied retrospectively to revive the reassessment power. The court noted that the issue had already been settled by binding authority accepted by the Department. The reassessment order was therefore without jurisdiction. en-us Tue, 23 Jan 2018 00:00:00 +0530 Sat, 08 May 2021 08:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294908 Reassessment under the Tamil Nadu Value Added Tax Act was held time-barred because the original assessment was completed on 10.06.2011 and the five-year limitation expired on 09.06.2016. The later amendment to Section 27, introduced by Act 23 of 2012 with effect from 19.06.2012, was treated as prospective and could not be applied retrospectively to revive the reassessment power. The court noted that the issue had already been settled by binding authority accepted by the Department. The reassessment order was therefore without jurisdiction. Case-Laws VAT and Sales Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294908