https://www.taxtmi.com/caselaws?id=450442 A binding advance ruling under the Tamil Nadu Value Added Tax Act rendered the assessee's monthly returns incorrect because the assessee was not entitled to claim the stated exemption and was liable to tax on imported textile fabric. On that basis, assessment under Section 22(4) was justified in principle. On limitation, the court held that proceedings for the earlier assessment years were time-barred, so the impugned orders and notices for those years were quashed, while the proceedings for the later year survived because limitation was extended during the Covid-19 period. en-us Mon, 05 Feb 2024 00:00:00 +0530 Wed, 06 Mar 2024 08:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450442 A binding advance ruling under the Tamil Nadu Value Added Tax Act rendered the assessee's monthly returns incorrect because the assessee was not entitled to claim the stated exemption and was liable to tax on imported textile fabric. On that basis, assessment under Section 22(4) was justified in principle. On limitation, the court held that proceedings for the earlier assessment years were time-barred, so the impugned orders and notices for those years were quashed, while the proceedings for the later year survived because limitation was extended during the Covid-19 period. Case-Laws VAT and Sales Tax Mon, 05 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450442