Patna HC Quashes Service Tax SCN for Delay in Conclusion

Kanak Automobiles Private Limited Vs Union of India through Ministry of Finance (Patna High Court) Patna High Court has set aside Service Tax proceedings against Kanak Automobiles Private Limited, ruling that the tax authorities failed to conclude the assessment within the period intended by law, despite initiating the process within the permissible limitation period. The court’s decision hinged on the interpretation of Section 73(4B) of the Finance Act, 1994, and the impact of delays following the period of limitation extension granted by the Supreme Court due to the COVID-19 pandemic. ...