https://www.taxtmi.com/caselaws?id=371013 Voluntary compounding under the Kerala Value Added Tax Act prevents an assessee from later disputing the basis of the compounded penalty proceedings, including the inclusion of additional machines, although such a dispute may still be raised independently in assessment proceedings. The article also explains that amendments to Section 74 were construed purposively so the enhanced compounding ceiling applied to the whole provision, including the proviso, rather than leaving an outdated two lakh rupee cap in place. The interpretive approach sought to avoid an anomalous result based on the timing of detection and to give full effect to legislative enhancement. en-us Fri, 26 Oct 2018 00:00:00 +0530 Wed, 28 Nov 2018 08:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371013 Voluntary compounding under the Kerala Value Added Tax Act prevents an assessee from later disputing the basis of the compounded penalty proceedings, including the inclusion of additional machines, although such a dispute may still be raised independently in assessment proceedings. The article also explains that amendments to Section 74 were construed purposively so the enhanced compounding ceiling applied to the whole provision, including the proviso, rather than leaving an outdated two lakh rupee cap in place. The interpretive approach sought to avoid an anomalous result based on the timing of detection and to give full effect to legislative enhancement. Case-Laws VAT and Sales Tax Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371013