https://www.taxtmi.com/caselaws?id=414910 Retrospective enlargement of a limitation period could not revive a reassessment that had already become time-barred under the unamended Karnataka Value Added Tax Act, 2003. The court reasoned that, once the reassessment period for the assessment year 2005-06 had expired, a vested right accrued to the assessee, and a procedural amendment could not take away that accrued protection or reopen a closed assessment. The reassessment order was therefore barred by limitation and could not be sustained. en-us Fri, 24 Sep 2021 00:00:00 +0530 Sat, 20 Nov 2021 09:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414910 Retrospective enlargement of a limitation period could not revive a reassessment that had already become time-barred under the unamended Karnataka Value Added Tax Act, 2003. The court reasoned that, once the reassessment period for the assessment year 2005-06 had expired, a vested right accrued to the assessee, and a procedural amendment could not take away that accrued protection or reopen a closed assessment. The reassessment order was therefore barred by limitation and could not be sustained. Case-Laws VAT and Sales Tax Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414910