https://www.taxtmi.com/caselaws?id=360619 A valid composition order under the Kerala Value Added Tax Act attains finality once the offence is compounded on payment of tax and compounding fee, and neither party can resile from that arrangement. The court held that the suo motu revisional power could not be used to cancel such an order because that power is expressly subject to the Act's other provisions, including the finality attached to compounding under the statute. Any concern that tax liability had been understated had to be dealt with through separate assessment proceedings, not by reopening the compounding order. The cancellation order was therefore unsustainable and the compounding orders were restored. en-us Tue, 07 Nov 2017 00:00:00 +0530 Thu, 28 Jun 2018 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360619 A valid composition order under the Kerala Value Added Tax Act attains finality once the offence is compounded on payment of tax and compounding fee, and neither party can resile from that arrangement. The court held that the suo motu revisional power could not be used to cancel such an order because that power is expressly subject to the Act's other provisions, including the finality attached to compounding under the statute. Any concern that tax liability had been understated had to be dealt with through separate assessment proceedings, not by reopening the compounding order. The cancellation order was therefore unsustainable and the compounding orders were restored. Case-Laws VAT and Sales Tax Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360619