https://www.taxtmi.com/caselaws?id=258691 Compounding under Section 82 of the Karnataka Value Added Tax Act, 2003 gives finality only to the offence-compounding proceedings and does not bar reassessment based on alleged suppression of turnover, even for the same assessment periods. Reassessment is a separate statutory proceeding, so it remained permissible. The finality attached to the compounding order also did not make the reassessment order non-appealable under Section 82(3)(c); the assessee was entitled to challenge reassessment on merits. The revisional authority was required to hear the assessee and decide the revision in accordance with law, and its non-maintainability rejection was set aside with remand for fresh consideration. en-us Thu, 19 Feb 2015 00:00:00 +0530 Fri, 17 Apr 2015 08:18:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258691 Compounding under Section 82 of the Karnataka Value Added Tax Act, 2003 gives finality only to the offence-compounding proceedings and does not bar reassessment based on alleged suppression of turnover, even for the same assessment periods. Reassessment is a separate statutory proceeding, so it remained permissible. The finality attached to the compounding order also did not make the reassessment order non-appealable under Section 82(3)(c); the assessee was entitled to challenge reassessment on merits. The revisional authority was required to hear the assessee and decide the revision in accordance with law, and its non-maintainability rejection was set aside with remand for fresh consideration. Case-Laws VAT and Sales Tax Thu, 19 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258691