Constitutional Validity of Amended Section 29 of Punjab Value Added Tax Act, 2005

Constitutional Validity of Amended Section 29 of the Punjab Value Added Tax Act, 2005 — Hon’ble High Court’s Judgment in case of Amrit Banaspati Company Ltd. The State of Punjab on 15-11-2013 vide Punjab Value Added Tax (Second Amendment) Act, 2013 Amended Section 29 of the Punjab VAT Act, 2005 where by time period for framing Assessment was raised from Three years to Six years. The amendment can be understood from the table below: Before amendment Sec.29 (4) After amendment Sec.29 (4) An assessment under sub section (2) or sub-section (3) may be made within three years, after the ...