State Act

THE KARNATAKA SALES TAX ACT, 1957

1[12-E. Re-assessment in certain cases.- (1) Where an assessee within one year from the service of a notice of demand makes an application that failure to furnish declarations prescribed under Section 5-A prevented him from claiming the concessional rate of tax on sale of inputs, the assessing authority shall cancel the assessment and proceed to re-assess such assessee to the extent of claims made under Section 5-A. Provided that no application under this sub-section shall be entertained by the assessing authority if the tax assessed is not paid and the declarations prescribed under section 5-A are not furnished together with such application. (2) Nothing contained in sub-section (1) shall apply to an assessment which has been made the subject – matter of an appeal under Section 20. (3) No appeal shall lie under Section 20 against an order passed under this Section. (4) Every order passed under this Section, shall subject to the provisions of Sections 22, 23, 24 and 25-A, be final.]1