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SUPREME COURT
, J
State of Punjab and Others v. M/s. Shreyans Indus Ltd.
| Table of Content |
|---|
| 1. assessment notices were issued beyond the statutory limitation period. (Para 2 , 3 , 4 , 5) |
| 2. high court determined that once the limitation period expires, the right to assess is extinguished. (Para 6 , 7 , 8) |
| 3. the power to extend timelines must be exercised lawfully and within time limits. (Para 10 , 22 , 24) |
| 4. differences in 'extension' versus 'deferment' do not affect the essential meaning of assessment rights. (Para 11 , 16 , 20) |
| 5. concluding ruling affirmed dismissal of appeals based on the aforementioned principles. (Para 25) |
1. Leave granted.
2. In these appeals, the judgment which is impugned is passed by the High Court of Punjab & Haryana. The issue involved in these appeals is identical which pertains to the interpretation that is to be accorded to sub-section (10) of S.11 of Punjab General Sales Tax Act , 1948 (hereinafter referred to as the "Act"). It is for this reason that all these appeals were heard together and can conveniently be disposed of by one common judgment. Since SLP (C) Nos. 21712-21717 of 2009 was taken as the lead case, for understanding the nature of lis that is involved, the factual narration can be addressed from the said appeal.
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