https://www.taxtmi.com/caselaws?id=411707 The Tripura HC noted that amounts deducted from an assessee's running bills as provisional tax could not be retained once assessment for the relevant period had become time barred and no assessment order had been passed. The statutory scheme under the Tripura Value Added Tax Act required the authority to decide the objection to taxability through a formal assessment within limitation, including by best judgment assessment if the assessee did not appear. In the absence of any assessment order, the revenue had no authority to continue withholding the collected amount. The withheld sum was therefore refundable with statutory interest. en-us Tue, 31 Aug 2021 00:00:00 +0530 Wed, 01 Sep 2021 08:59:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411707 The Tripura HC noted that amounts deducted from an assessee's running bills as provisional tax could not be retained once assessment for the relevant period had become time barred and no assessment order had been passed. The statutory scheme under the Tripura Value Added Tax Act required the authority to decide the objection to taxability through a formal assessment within limitation, including by best judgment assessment if the assessee did not appear. In the absence of any assessment order, the revenue had no authority to continue withholding the collected amount. The withheld sum was therefore refundable with statutory interest. Case-Laws VAT and Sales Tax Tue, 31 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411707