STATE OF PUNJAB vs M/S SHREYANS INDUS.LTD.ETC.

The Supreme Court interpreted sub-section (10) of Section 11 of the Punjab General Sales Tax Act, 1948, holding that the Commissioner can extend the assessment period beyond three years only if reasons are recorded in writing. The Court ruled that notices issued after the statutory period were invalid, as the extension granted by the Commissioner was not justified. Consequently, the appeals were allowed, setting aside the assessments made after the expiry of the three-year limit.