https://www.taxtmi.com/caselaws?id=279544 An assessee who validly opts for composition under a taxing statute cannot later withdraw that option and demand regular assessment unless the statute expressly allows retraction. The Kerala High Court followed the earlier Division Bench view that, in the absence of a specific statutory provision permitting withdrawal from the compounded-rate scheme, the taxpayer is bound by the election once made. It also rejected reliance on the prescribed form and Rule 30(3) to claim a right of cancellation, noting that any power to cancel permission remains with the assessing authority and is not enforceable as an assessee's entitlement. en-us Tue, 25 Feb 2003 00:00:00 +0530 Sat, 23 Mar 2019 13:18:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279544 An assessee who validly opts for composition under a taxing statute cannot later withdraw that option and demand regular assessment unless the statute expressly allows retraction. The Kerala High Court followed the earlier Division Bench view that, in the absence of a specific statutory provision permitting withdrawal from the compounded-rate scheme, the taxpayer is bound by the election once made. It also rejected reliance on the prescribed form and Rule 30(3) to claim a right of cancellation, noting that any power to cancel permission remains with the assessing authority and is not enforceable as an assessee's entitlement. Case-Laws VAT and Sales Tax Tue, 25 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279544