
Delay beyond 8 years vitiates Service Tax assessment under Section 73(4B) Finance Act, 1994 | Service Tax : MLHC
The Meghalaya High Court held that a Service Tax assessment issued after an 8.5-year delay is ultra vires, as Section 73(4B) of the Finance Act, 1994 mandates a strict limitation period. Tax authorities must complete assessments within the prescribed timeline, protecting assessee rights.






