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2012 (2) TMI 454 - PUNJAB AND HARYANA HIGH COURTWhether reassessment framed by the assessing authority is within the parameter of limitation provided under section 11A of the Punjab General Sales Tax Act, 1948? Held that:- The Supreme Court in the case of State of Punjab v. Bhatinda District Coop. Milk P. Union Ltd. [2007 (10) TMI 300 - SUPREME COURT OF INDIA] has engrafted a five years period of limitation in section 21 of the Act holding that if no period of limitation has been prescribed then the statutory authority is obliged to exercise jurisdiction within a reasonable period. Even if we construe the notice issued in December 2008 as a notice under section 21 of the Act for exercise of revisional jurisdiction, it would also be required to be issued within a period of five years from the date when the assessment year comes to an end in respect of which a revisional jurisdiction is sought to be exercised. As a sequel to the above discussion, the order of reassessment dated March 31, 2009 (P10) is hereby quashed. Consequently, the demand raised in the order of even date (P11) is also quashed.
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