Bombay HC quashes Maharashtra VAT Order passed beyond limitation period

Karvy Innotech Limited Vs State of Maharashtra (Bombay High Court) In the case of Karvy Innotech Limited vs. State of Maharashtra, the Bombay High Court recently delivered a significant judgment regarding an assessment order under the Maharashtra Value Added Tax Act, 2002 (MVAT Act). The petitioner, engaged in IT and electronic equipment trading, challenged an order issued beyond the statutory limitation period. The petitioner contended that the order issued by the Deputy Commissioner of State Tax on 23rd June 2020, relating to the financial year 2015-16, was time-barred under Section 23(2) of...