Section 5 of Limitation Act applies to Section 31 of VAT Act: Allahabad HC

Sanyo Koreatex Pvt. Ltd. Vs Deputy Commissioner (Allahabad High Court) Introduction: The Allahabad High Court recently delivered a significant judgment in the case of Sanyo Koreatex Pvt. Ltd. vs Deputy Commissioner, addressing the applicability of Section 5 of the Limitation Act, 1963, to the rectification of orders under Section 31 of the Uttar Pradesh Value Added Tax Act, 2008 (UP VAT Act). This judgment holds importance for entities seeking rectification of taxation orders that may have been missed due to reasons beyond their control. Detailed Analysis: Sanyo Koreatex Pvt. Ltd. filed a writ...