https://www.taxtmi.com/caselaws?id=309652 Where a taxing statute prescribes no express limitation for completing assessment, the power must still be exercised within a reasonable period; proceedings delayed far beyond the statutory record-preservation period were treated as unduly delayed and liable to be quashed. The provision excluding proceeds from the sale of rubber grown by the dealer within the State or on land in which the dealer had an interest had to be applied according to its plain terms, so such receipts could not be included in taxable turnover. The assessment proceedings were therefore set aside on both delay and merits. en-us Wed, 24 Jul 2019 00:00:00 +0530 Thu, 14 Sep 2023 21:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309652 Where a taxing statute prescribes no express limitation for completing assessment, the power must still be exercised within a reasonable period; proceedings delayed far beyond the statutory record-preservation period were treated as unduly delayed and liable to be quashed. The provision excluding proceeds from the sale of rubber grown by the dealer within the State or on land in which the dealer had an interest had to be applied according to its plain terms, so such receipts could not be included in taxable turnover. The assessment proceedings were therefore set aside on both delay and merits. Case-Laws VAT and Sales Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309652