https://www.taxtmi.com/caselaws?id=329041 Section 25(1) of the Kerala Value Added Tax Act, 2003 operates independently of section 22, so reassessment for escaped or under-assessed turnover is valid even if a return was not first rejected under section 22. Mere payment tax at a compounded rate, without filing the prescribed compounding application, does not amount to a valid statutory option and does not bar reassessment. On the facts, construction agreements with members, receipt of advances, and execution of flats and villas for transfer brought the activity within a taxable works contract, so liability under the KVAT Act was upheld. en-us Mon, 06 Jun 2016 00:00:00 +0530 Mon, 20 Jun 2016 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329041 Section 25(1) of the Kerala Value Added Tax Act, 2003 operates independently of section 22, so reassessment for escaped or under-assessed turnover is valid even if a return was not first rejected under section 22. Mere payment tax at a compounded rate, without filing the prescribed compounding application, does not amount to a valid statutory option and does not bar reassessment. On the facts, construction agreements with members, receipt of advances, and execution of flats and villas for transfer brought the activity within a taxable works contract, so liability under the KVAT Act was upheld. Case-Laws VAT and Sales Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329041