https://www.taxtmi.com/caselaws?id=166484 Rectification under section 55 of the Tamil Nadu General Sales Tax Act, 1959 is confined to correction of an error, and cannot be used to revive a concluded assessment where the dealer did not exercise the option for the compounded scheme under section 7C(2) with the first monthly return for the relevant year. Entitlement under section 7C depends on timely compliance with the statutory option requirement, and section 7C(3) operates only after a valid option is exercised under section 7C(1) read with section 7C(2). Acceptance of the compounded scheme for a later year did not create a basis to reopen or rectify the earlier year's assessment. en-us Thu, 10 Feb 2011 00:00:00 +0530 Mon, 29 Sep 2014 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166484 Rectification under section 55 of the Tamil Nadu General Sales Tax Act, 1959 is confined to correction of an error, and cannot be used to revive a concluded assessment where the dealer did not exercise the option for the compounded scheme under section 7C(2) with the first monthly return for the relevant year. Entitlement under section 7C depends on timely compliance with the statutory option requirement, and section 7C(3) operates only after a valid option is exercised under section 7C(1) read with section 7C(2). Acceptance of the compounded scheme for a later year did not create a basis to reopen or rectify the earlier year's assessment. Case-Laws VAT and Sales Tax Thu, 10 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166484