State Of Punjab & Ors vs M/S Shreyans Indus.Ltd.Etc

The Supreme Court held that under Section 11(3) and Section 11(10) of the Punjab General Sales Tax Act, 1948, the power of the Commissioner to extend the assessment period can only be exercised within the original three-year limitation period. The Court affirmed the High Court's ruling that once the limitation period expires, the right to assess is extinguished, and any notices issued beyond this period are invalid. Consequently, the appeals were dismissed, upholding the High Court's decision.