STATE OF PUNJAB AND ORS. vs M/S. SHAKTI COTTON COMPANY

The Supreme Court held that the assessment orders made prior to the commencement of the Punjab General Sales Tax (Amendment and Validation) Act, 1967, must be reviewed under Section 11AA of the Act. The Court clarified that the previous judgment in M/s. Chandulal Kishorilal's case did not consider the provisions of the Amendment Act or the decision in Bhawani Cotton Mills Ltd., which invalidated the sales tax on declared goods. Consequently, the appeals by the State were dismissed, and the cases were remanded for fresh assessments in accordance with the amended provisions.