https://www.taxtmi.com/caselaws?id=785193 The Gauhati HC noted that under the Assam Value Added Tax Act, 2003, assessment and audit assessment cannot be initiated after the statutory five-year limitation period. Penalty demand notices for alleged failure to furnish audit reports were therefore barred, because the proviso to Section 39 did not apply on the facts and the authorities could not reopen completed returns after limitation had expired. The Court also held that later audit assessments and consequential tax demands, begun after the limitation cut-off, were illegal and unsustainable. The impugned demand and assessment orders were quashed, and the petitioner's liability under those proceedings did not survive. en-us Tue, 06 Jan 2026 00:00:00 +0530 Tue, 20 Jan 2026 06:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785193 The Gauhati HC noted that under the Assam Value Added Tax Act, 2003, assessment and audit assessment cannot be initiated after the statutory five-year limitation period. Penalty demand notices for alleged failure to furnish audit reports were therefore barred, because the proviso to Section 39 did not apply on the facts and the authorities could not reopen completed returns after limitation had expired. The Court also held that later audit assessments and consequential tax demands, begun after the limitation cut-off, were illegal and unsustainable. The impugned demand and assessment orders were quashed, and the petitioner's liability under those proceedings did not survive. Case-Laws VAT / Sales Tax Tue, 06 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785193