https://www.taxtmi.com/caselaws?id=763714 A reassessment under the Karnataka Value Added Tax Act was held to remain subject to the statutory limitation period even after remand, and the time spent in appeal and revisional proceedings had to be excluded only as expressly provided by Section 40. The court applied the seven-year reassessment limit for the relevant tax period and found that, on the admitted dates, the reassessment completed on 30.05.2018 was still beyond the outer limit after excluding pendency before appellate, revisional and Commissioner stages. The view that limitation restarted from the Commissioner's remand order was rejected, and the reassessment was treated as time-barred and without jurisdiction. en-us Tue, 03 Dec 2024 00:00:00 +0530 Thu, 26 Dec 2024 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763714 A reassessment under the Karnataka Value Added Tax Act was held to remain subject to the statutory limitation period even after remand, and the time spent in appeal and revisional proceedings had to be excluded only as expressly provided by Section 40. The court applied the seven-year reassessment limit for the relevant tax period and found that, on the admitted dates, the reassessment completed on 30.05.2018 was still beyond the outer limit after excluding pendency before appellate, revisional and Commissioner stages. The view that limitation restarted from the Commissioner's remand order was rejected, and the reassessment was treated as time-barred and without jurisdiction. Case-Laws VAT / Sales Tax Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763714