https://www.taxtmi.com/caselaws?id=164129 An assessee who applies for compounding and remits tax in accordance with that scheme cannot later resile after benefiting from it throughout the year and insist on ordinary assessment on returned turnover. Interest on differential tax that arises only when the assessment order modifies the basis cannot be levied for any period before default actually occurs, and is confined to the period after service of the demand notice. Reconsideration may be directed only on the earlier-year tax basis where that basis affects the compounded computation, with the assessment otherwise left intact. en-us Fri, 13 Feb 2009 00:00:00 +0530 Tue, 18 Nov 2014 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164129 An assessee who applies for compounding and remits tax in accordance with that scheme cannot later resile after benefiting from it throughout the year and insist on ordinary assessment on returned turnover. Interest on differential tax that arises only when the assessment order modifies the basis cannot be levied for any period before default actually occurs, and is confined to the period after service of the demand notice. Reconsideration may be directed only on the earlier-year tax basis where that basis affects the compounded computation, with the assessment otherwise left intact. Case-Laws VAT and Sales Tax Fri, 13 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164129