https://www.taxtmi.com/caselaws?id=772323 Audit assessment under the Assam Value Added Tax Act was invalid because it was initiated beyond the statutory limitation period applicable to self-assessed returns. Reassessment was also unsustainable because the notice did not disclose the jurisdictional preconditions for escape assessment or a bona fide reason to believe that turnover had escaped assessment or been under-assessed. The absence of those statutory foundations rendered the notice and consequential reassessment without jurisdiction, and the assessment orders and demand notices were set aside, with liberty to proceed afresh only in accordance with law. en-us Wed, 04 Jun 2025 00:00:00 +0530 Sat, 07 Jun 2025 08:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772323 Audit assessment under the Assam Value Added Tax Act was invalid because it was initiated beyond the statutory limitation period applicable to self-assessed returns. Reassessment was also unsustainable because the notice did not disclose the jurisdictional preconditions for escape assessment or a bona fide reason to believe that turnover had escaped assessment or been under-assessed. The absence of those statutory foundations rendered the notice and consequential reassessment without jurisdiction, and the assessment orders and demand notices were set aside, with liberty to proceed afresh only in accordance with law. Case-Laws VAT / Sales Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772323