https://www.taxtmi.com/caselaws?id=785193 Levy of penalty under the Assam Value Added Tax Act for failure to submit an audit report was contested on limitation grounds; the court found Section 39s five-year bar on assessments applicable, the proviso for offences inapplicable, and that no audit assessment under Section 36 was initiated within the limitation period, rendering the notices and assessments issued in 2015 time-barred. Consequently, the penalty imposed for non-submission of the audit report and the assessment orders for the contested years were set aside and the petition allowed. 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 Levy of penalty under the Assam Value Added Tax Act for failure to submit an audit report was contested on limitation grounds; the court found Section 39s five-year bar on assessments applicable, the proviso for offences inapplicable, and that no audit assessment under Section 36 was initiated within the limitation period, rendering the notices and assessments issued in 2015 time-barred. Consequently, the penalty imposed for non-submission of the audit report and the assessment orders for the contested years were set aside and the petition allowed. Case-Laws VAT / Sales Tax Tue, 06 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785193