https://www.taxtmi.com/caselaws?id=770026 The HC set aside an ex parte assessment order passed under Section 73(2) of the Finance Act, 1994, along with penalties and interest. The order was passed five years after issuance of the show cause notice, constituting an inordinate delay. Following its precedent in M/s Power Spectrum case, the HC held that while Section 73(4B) doesn't mandate a specific timeframe, the prescribed six months/one year period cannot be extended indefinitely without justification. The revenue authorities failed to provide any reason for the delay, making the assessment void. Petition allowed. en-us Mon, 28 Apr 2025 00:00:00 +0530 Mon, 05 May 2025 08:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770026 The HC set aside an ex parte assessment order passed under Section 73(2) of the Finance Act, 1994, along with penalties and interest. The order was passed five years after issuance of the show cause notice, constituting an inordinate delay. Following its precedent in M/s Power Spectrum case, the HC held that while Section 73(4B) doesn't mandate a specific timeframe, the prescribed six months/one year period cannot be extended indefinitely without justification. The revenue authorities failed to provide any reason for the delay, making the assessment void. Petition allowed. Case-Laws GST Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770026