https://www.taxtmi.com/caselaws?id=163159 Where a dealer validly exercises the statutory option to pay tax by compounding under section 7C of the Tamil Nadu General Sales Tax Act, 1959 and the compounding order remains in force, section 16 cannot be invoked to reopen the assessment as an ordinary sale or to displace that election. The court treated the accepted compounding arrangement as binding in the facts of the case and followed Devendran & Company as the governing precedent. The revised assessment notice was therefore unsustainable and was quashed. en-us Wed, 06 Feb 2008 00:00:00 +0530 Fri, 12 Dec 2014 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163159 Where a dealer validly exercises the statutory option to pay tax by compounding under section 7C of the Tamil Nadu General Sales Tax Act, 1959 and the compounding order remains in force, section 16 cannot be invoked to reopen the assessment as an ordinary sale or to displace that election. The court treated the accepted compounding arrangement as binding in the facts of the case and followed Devendran & Company as the governing precedent. The revised assessment notice was therefore unsustainable and was quashed. Case-Laws VAT and Sales Tax Wed, 06 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163159