https://www.taxtmi.com/caselaws?id=351156 Delayed rejection of a compounding application under the KVAT regime could not justify shifting an assessee to regular assessment after the department had accepted tax payments under the compounded scheme. Where no rejection was communicated within the statutory time and the assessee continued to pay tax on compounded basis, the department could not later deny that option or reopen the matter through reassessment under Section 25(1). Such a belated attempt was treated as a change of opinion and was held legally unsustainable, with the reassessment orders set aside. en-us Wed, 13 Sep 2017 00:00:00 +0530 Fri, 24 Aug 2018 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351156 Delayed rejection of a compounding application under the KVAT regime could not justify shifting an assessee to regular assessment after the department had accepted tax payments under the compounded scheme. Where no rejection was communicated within the statutory time and the assessee continued to pay tax on compounded basis, the department could not later deny that option or reopen the matter through reassessment under Section 25(1). Such a belated attempt was treated as a change of opinion and was held legally unsustainable, with the reassessment orders set aside. Case-Laws VAT and Sales Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351156