https://www.taxtmi.com/highlights?id=60589 Validity of re-assessment order - enlargement of time limitation with prospective effect or not - Section 39(1) of KVAT Act - The amendment made to Section 40 of the Act, cannot be construed so as to open up a liability which had become barred. Therefore, even by retrospective operation of law, the aforesaid vested right accrued to the petitioner cannot be taken away. - HC en-us Sat, 20 Nov 2021 10:32:15 +0530 Sat, 20 Nov 2021 10:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60589 Validity of re-assessment order - enlargement of time limitation with prospective effect or not - Section 39(1) of KVAT Act - The amendment made to Section 40 of the Act, cannot be construed so as to open up a liability which had become barred. Therefore, even by retrospective operation of law, the aforesaid vested right accrued to the petitioner cannot be taken away. - HC Highlights VAT and Sales Tax Sat, 20 Nov 2021 10:32:15 +0530 https://www.taxtmi.com/highlights?id=60589