Notice for re-opening u/s. 25(1) of KVAT Act issued within limitation period of six years: Kerala HC

Assistant Commissioner of State Tax Vs Bhima Jewellery And Diamonds P. Ltd (Kerala High Court) Kerala High Court held that the limitation period for re-opening assessment under Section 25(1) of the KVAT Act was six years. Notice issued on 12.02.2020 is well within the limitation period. Thus, matter remitted back to Assessing Authority for fresh decision. Facts- The respondent/assessee had filed the writ petition, challenging an assessment order dated 16.03.2020 that was passed against it under Section 25(1) of the Kerala Value Added Tax Act, for the assessment year 2013-2014. The primary cont...