https://www.taxtmi.com/caselaws?id=265351 Once an assessee's compounding option under Section 5A of the Kerala Tax on Luxuries Act, 1976 is accepted, the scheme operates as a self-contained arrangement unless lawfully withdrawn. Default in paying compounded instalments permits recovery of the arrears, with penalty and revenue recovery where authorised, but it does not permit the revenue to switch to a regular best judgment assessment under Section 6 while the compounding option continues. The court therefore held that regular assessment was not permissible on these facts, limited the authorities to recovery of the defaulted amounts under the compounding scheme, and quashed the assessment and consequential recovery notices. en-us Tue, 08 Sep 2015 00:00:00 +0530 Sat, 10 Oct 2015 06:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265351 Once an assessee's compounding option under Section 5A of the Kerala Tax on Luxuries Act, 1976 is accepted, the scheme operates as a self-contained arrangement unless lawfully withdrawn. Default in paying compounded instalments permits recovery of the arrears, with penalty and revenue recovery where authorised, but it does not permit the revenue to switch to a regular best judgment assessment under Section 6 while the compounding option continues. The court therefore held that regular assessment was not permissible on these facts, limited the authorities to recovery of the defaulted amounts under the compounding scheme, and quashed the assessment and consequential recovery notices. Case-Laws VAT and Sales Tax Tue, 08 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265351