Jharkhand VAT Act: No Reassessment of Reassessment Orders Allowed

Rungta Mines Limited Vs State of Jharkhand (Jharkhand High Court) Jharkhand High Court held that Jharkhand Value Added Tax Act, 2005 [JVAT Act] doesn’t have any provision for initiation of re-assessment proceedings against a re-assessment order. In case assessing authority is allowed to initiate repeated re-assessment proceeding merely on dictate of audit party there would be no finality of assessment. Facts- The petitioner is primarily engaged in the business of manufacturing Sponge Iron, M.S. Billets and TMT bars. Vide the present writ petitioner, the petitioner has been challenged re-asse...