Writ petitions challenging enhancement of assessment period from 3 to 6 years under Punjab VAT dismissed by High Court

0 comments Saturday, August 8, 2015
The Punjab and Haryana high court on 07.08.2015 dismissed the petitions of more than 150 firms operating in Punjab which had challenged amendment in the VAT (value-added tax) Act, 2005 by the state government in 2013.
As per rough estimates and arguments of the state in the high court, there will be a revenue benefit of more than Rs 100 crore with this order.
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