https://www.taxtmi.com/caselaws?id=434839 A validating amendment to Section 29(4) of the Punjab Value Added Tax Act, 2005 extended the assessment limitation period from three years to six years from the date the annual statement was filed or became due. On that basis, the assessment for 2008-09 and the appellate order were treated as having been passed within time, so the assessment was not time-barred. The text also notes the settled position that retrospective validation may preserve principal tax liability, while interest and penalty may still be excluded on the facts. Interference with the order sustaining tax liability and maintaining relief against interest and penalty was declined. en-us Mon, 30 Jan 2023 00:00:00 +0530 Sun, 05 Mar 2023 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434839 A validating amendment to Section 29(4) of the Punjab Value Added Tax Act, 2005 extended the assessment limitation period from three years to six years from the date the annual statement was filed or became due. On that basis, the assessment for 2008-09 and the appellate order were treated as having been passed within time, so the assessment was not time-barred. The text also notes the settled position that retrospective validation may preserve principal tax liability, while interest and penalty may still be excluded on the facts. Interference with the order sustaining tax liability and maintaining relief against interest and penalty was declined. Case-Laws VAT and Sales Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434839