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TIME LIMIT FOR ISSUE OF NOTICE U/S 29 OF UTTRAKHAND VAT

VAT and Sales Tax - Started By: - prathit maini - Dated:- 13-8-2015 Last Replied Date:- 16-8-2015 - Dear sir ,what is the time limit of issuance of notice under sec 29 of uttrakhand vat ,if notice is regarding financial year 2009-10? - Reply By YAGAY .....

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nt of Escaped Turnover: (1) Where after a dealer is assessed under section 25 or section 26 for any year or part thereof, the assessing authority has reason to believe that the whole or any part of turnover of the dealer in respect of any tax period .....

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n, the assessing authority shall, after recording the reasons in writing, serve a notice on the dealer and after giving the dealer a reasonable opportunity of being heard and making such enquiries as he considers necessary, he shall assess or reasses .....

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ment or full assessment as the case may be. Explanation (1): Nothing in this sub-section shall be deemed to prevent the assessing authority from making an assessment to the best of its judgment. Explanation (2): For the purposes of this section and o .....

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his subsection, where an order of assessment or reassessment is in existence from before the issuance of such notice it shall continue to be effective as such, until varied by an order of assessment or reassessment made under this section in pursuanc .....

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which the tax is assessable. (3) Assessment or reassessment in respect of turnover escaped from assessment may be passed at any time within three years and nine months ending on 31st December after the expiry of assessment year for which assessment .....

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