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of <h1>Petitioner's Tax Exemption Request Denied Due to No Withdrawal After Compounding</h1> The High Court dismissed the petitioner's request for tax exemption, relying on precedent that once tax is compounded, withdrawal is not permitted. - TMI Compounding of Tax Liability - The petitioner's case is that the operation of the crusher unit was stayed by this Court on 06.10.2010 and thereafter there was no commercial production or sale - Held that:- The issue is covered against the petitioner in the light of the judgment in Raju Jacob vs. Sales Tax Officer [2006 (1) TMI 574 - KERALA HIGH COURT], where it was held that once assessee had opted payment of tax by compounding and received the demand notice, cannot withdraw the option subsequently - the petitioner's request for exemption from tax for the subsequent quarters cannot be accepted - petition dismissed. The petitioner, a registered firm operating a crusher unit, sought exemption from tax after the unit's operation was stayed by the court. The court dismissed the petition, citing a previous judgment that once tax is compounded, the option cannot be withdrawn.
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