https://www.taxtmi.com/caselaws?id=450283 The HC dismissed the petition challenging assessment notices issued after five years. The court held that since no returns were filed by the petitioner for the respective assessment years as prescribed under Rule 7 of TNVAT Rules 2007, and no assessment orders were previously passed, the impugned assessments constituted the first assessment under Section 22(4) of TNVAT Act 2006. The limitation period under Section 27 for reopening assessments would commence six years from this first assessment, not from the original assessment year. Therefore, the five-year delay argument lacked merit, and the attachment notices to banks were upheld. 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 The HC dismissed the petition challenging assessment notices issued after five years. The court held that since no returns were filed by the petitioner for the respective assessment years as prescribed under Rule 7 of TNVAT Rules 2007, and no assessment orders were previously passed, the impugned assessments constituted the first assessment under Section 22(4) of TNVAT Act 2006. The limitation period under Section 27 for reopening assessments would commence six years from this first assessment, not from the original assessment year. Therefore, the five-year delay argument lacked merit, and the attachment notices to banks were upheld. Case-Laws VAT and Sales Tax Mon, 05 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450283