https://www.taxtmi.com/caselaws?id=450283 Audit circulars governing implementation of inspection proposals do not by themselves create an enforceable limitation on assessment powers, so a three-month lapse from the audit report did not invalidate the proceedings. Where the dealer failed to show timely, complete returns supported by prescribed records, no deemed assessment arose for limitation purposes under the Tamil Nadu VAT framework. The assessment was treated as the first assessment under the applicable statutory provision, the reopening period ran accordingly, and both the assessments and consequential bank attachment were held to be within time and sustained. en-us Mon, 05 Feb 2024 00:00:00 +0530 Fri, 01 Mar 2024 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450283 Audit circulars governing implementation of inspection proposals do not by themselves create an enforceable limitation on assessment powers, so a three-month lapse from the audit report did not invalidate the proceedings. Where the dealer failed to show timely, complete returns supported by prescribed records, no deemed assessment arose for limitation purposes under the Tamil Nadu VAT framework. The assessment was treated as the first assessment under the applicable statutory provision, the reopening period ran accordingly, and both the assessments and consequential bank attachment were held to be within time and sustained. Case-Laws VAT and Sales Tax Mon, 05 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450283