VAT and Sales Tax re-assessment notice period extended from 5 to 6 years; valid for expired cases too.

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Full Text of the Document

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....Re-assessment - Time limitation for notices issued - period of limitation enhanced from 5 years to 6 years - Prospective or retrospective amendment - 5 year period already expired - When the provision is amended enhancing the period of limitation from 5 years to 6 years, the issuance of notice is well within the jurisdiction, and no exception could be taken. - Notice sustained - HC....