https://www.taxtmi.com/caselaws?id=329882 The High Court dismissed the petitioner's plea to waive trade tax liability under a settlement scheme for Brick Kiln Season 2014-15. Citing a Full Bench judgment, the court held that once an agreement for tax payment under a composition scheme is binding, it cannot be denied later, regardless of operational challenges. Emphasizing the importance of honoring agreed-upon terms, the court rejected the petitioner's argument to waive tax due to non-operation of the kiln. The court concluded that the petitioner's plea was misconceived and upheld the obligation to pay the composition money as agreed. en-us Mon, 04 Jul 2016 00:00:00 +0530 Tue, 12 Jul 2016 11:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329882 The High Court dismissed the petitioner's plea to waive trade tax liability under a settlement scheme for Brick Kiln Season 2014-15. Citing a Full Bench judgment, the court held that once an agreement for tax payment under a composition scheme is binding, it cannot be denied later, regardless of operational challenges. Emphasizing the importance of honoring agreed-upon terms, the court rejected the petitioner's argument to waive tax due to non-operation of the kiln. The court concluded that the petitioner's plea was misconceived and upheld the obligation to pay the composition money as agreed. Case-Laws VAT and Sales Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329882