STATE OF PUNJAB vs SANT SINGH KANWARJIT SINGH

The Supreme Court held that under the Punjab General Sales Tax Act, 1948, specifically Section 10(1), the assessment of sales tax can be conducted quarterly if the Act provides for quarterly returns and assessments. The Court clarified that while sales tax is fundamentally a yearly tax, the provisions for quarterly assessments are valid and enforceable. The assessment made by the Sales Tax Officer for the quarters ending June 30, 1962, and September 30, 1962, was upheld as lawful, thereby reversing the High Court's decision that quashed the assessments.