https://www.taxtmi.com/caselaws?id=151543 Section 7 conferred an option for compounded assessment on eligible dealers without prescribing any express time-limit for exercising that choice. After deletion of rule 15(4-B), the option had to be read with the statutory scheme rather than the deleted rule, and the absence of a specified deadline meant it could be exercised within a reasonable time. The commentary further notes that rule 15(4-A) concerned provisional assessment from the start of the year and did not control this option. As a beneficial provision for small traders, section 7 was not to be construed strictly, and the reasonable-time limit was taken to extend up to the making of the assessment. en-us Mon, 11 Apr 1977 00:00:00 +0530 Fri, 07 Jun 2013 13:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151543 Section 7 conferred an option for compounded assessment on eligible dealers without prescribing any express time-limit for exercising that choice. After deletion of rule 15(4-B), the option had to be read with the statutory scheme rather than the deleted rule, and the absence of a specified deadline meant it could be exercised within a reasonable time. The commentary further notes that rule 15(4-A) concerned provisional assessment from the start of the year and did not control this option. As a beneficial provision for small traders, section 7 was not to be construed strictly, and the reasonable-time limit was taken to extend up to the making of the assessment. Case-Laws VAT and Sales Tax Mon, 11 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151543