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2016 (5) TMI 735 - SUPREME COURT

2016 (5) TMI 735 - SUPREME COURT - TMI - Demand of interest - Period of limitation - Assessment of sales tax for the year 2001-2002 - Assessment not made till the last date i.e. 30th April,2005 - Held that:- amendment was made by the State Legislature vide Punjab General Sales Tax (Amendment and Validation) Act, 2005 whereby Section 11-CC was added after Section 11-C. This amendment was retrospective in nature and covered the period in question. As per the aforesaid amendment, the period of limi .....

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pal amount of sales tax and no interest or penalty shall be paid. Decided in favour of revenue - Civil Appeal No(s).5021-5022/2016 Arising out of Special Leave Petition (C) Nos. 27807-27808/2010 & CIVIL APPEAL NO(S).5023/2016 @ SLP (C) Nos. 27874/2010 AND CIVIL APPEAL NO(S).5025-5026/2016 @ SLP (C) Nos. 27813-27814/2010 - Dated:- 11-5-2016 - MR. A.K. SIKRI AND MR. R.K. AGRAWAL, JJ For the Petitioner : Mr. Nikhil Nyyar, AAG., Mr. Kuldip Singh,Adv. And Mr. Jagjit Singh Chhabra,Adv. For the Respond .....

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(C) Nos.27807-27808/2010. These appeals pertain to the Assessment Year 2001-2002 for the assessment of sales tax under the Punjab General Sales Tax Act, 1948 (hereinafter referred to as 'the Act'). The respondent/ assessee had filed quarterly returns, which are required under the law, in respect of the aforesaid assessment in terms of Section 11(3) of the Act. Time-limit for completing the assessment provided therein is three years from the end of the year. Accordingly, the last date for .....

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