https://www.taxtmi.com/caselaws?id=189540 A dealer who voluntarily opted for lump sum sales tax under Section 7-D of the U.P. Sales Tax Act remained bound by the scheme and the agreement executed under it. The liability was governed by the terms accepted by the dealer, not by actual turnover, and the dealer could not seek a reduced amount or resile from the undertaking merely because the unit had closed or the turnover was nil. The contractual arrangement under the statutory scheme controlled the tax obligation, so closure of business did not extinguish the agreed lump sum liability. en-us Tue, 17 Jul 1990 00:00:00 +0530 Thu, 12 Jan 2017 12:39:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189540 A dealer who voluntarily opted for lump sum sales tax under Section 7-D of the U.P. Sales Tax Act remained bound by the scheme and the agreement executed under it. The liability was governed by the terms accepted by the dealer, not by actual turnover, and the dealer could not seek a reduced amount or resile from the undertaking merely because the unit had closed or the turnover was nil. The contractual arrangement under the statutory scheme controlled the tax obligation, so closure of business did not extinguish the agreed lump sum liability. Case-Laws VAT and Sales Tax Tue, 17 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189540