KGST- Assessment cannot be reopened after 14 years unless fresh receipt of materials for tax evasion

K. Sasilal Vs Fast Track Assessment Team No. 2 (Kerala High Court) The issue under consideration is whether escaped assessment by way of fast track assessment can be taken almost 14 years later will be sustained u/s 17D? In the given case the petitioner, K. Sasilal was served with a notice for the re-assessment of the proceedings under Section 17D of the Kerala General Sales Tax Act, 1963 pertaining to the method of fast track completion of the assessment, noticing the escaped turnover based upon certain observation of the order. The notice also reflected in the sensor audit of the respondent ...