Sec. 63A of Karnataka VAT Act, 2003 has retrospective effect, says High Court

CST & VAT : Karnataka VAT - Where Joint Commissioner invoking provision of section 63A, which was inserted in VAT Act with effect from 1-4-2006, revised order of assessment dated 5-6-2006 relating to assessment period 1-4-2005 to 31-3-2006, he had power to revise impugned assessment order under section 63A