https://www.taxtmi.com/caselaws?id=374132 Regular assessment and compounding are alternative methods of determining trade tax liability. Assessment under the regular procedure fixes liability, while compounding operates contractually only before that liability is finally determined. Once a regular assessment order has been passed and attained finality, the compounding application does not survive, and the assessing authority lacks jurisdiction to pass a compounding order for the same assessment year. The statutory scheme does not permit parallel or duplicative determination of the same tax liability through both regular assessment and compounding. en-us Wed, 09 Jan 2019 00:00:00 +0530 Mon, 17 Jun 2019 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374132 Regular assessment and compounding are alternative methods of determining trade tax liability. Assessment under the regular procedure fixes liability, while compounding operates contractually only before that liability is finally determined. Once a regular assessment order has been passed and attained finality, the compounding application does not survive, and the assessing authority lacks jurisdiction to pass a compounding order for the same assessment year. The statutory scheme does not permit parallel or duplicative determination of the same tax liability through both regular assessment and compounding. Case-Laws VAT and Sales Tax Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374132