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2008 (8) TMI 806 - HC - VAT and Sales TaxExtension of time - whether exercise of power of extension of time after assessment having become time-barred, was permissible? - Held that:- As there is no express mention of any power to grant extension after the assessment has become time-barred. In absence of any contrary view, we respectfully follow the judgment of the Karnataka High Court in Bharat Heavy Electricals Ltd.'s case [2001 (8) TMI 1367 - KARNATAKA HIGH COURT] which is holding the field for the last more than ten years on an analogous provision and hold that the power of extension of time for completing assessment has to be exercised before the assessment becomes time-barred. This question is answered in favour of the assessee.
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