https://www.taxtmi.com/caselaws?id=385554 The Kerala Value Added Tax Appellate Tribunal confirmed the first appellate authority's order in favor of the assessee, leading to the State filing revisions against the same. The Tribunal held that re-opening completed assessments under the compounding scheme was impermissible without canceling the compounding permission, emphasizing the need to follow prescribed procedures. Divergent views emerged on whether the compounding permission constituted a concluded contract, with the necessity of a Full Bench to resolve conflicting legal precedents on jurisdictional validity of compounding permissions. en-us Thu, 22 Aug 2019 00:00:00 +0530 Sat, 07 Sep 2019 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385554 The Kerala Value Added Tax Appellate Tribunal confirmed the first appellate authority's order in favor of the assessee, leading to the State filing revisions against the same. The Tribunal held that re-opening completed assessments under the compounding scheme was impermissible without canceling the compounding permission, emphasizing the need to follow prescribed procedures. Divergent views emerged on whether the compounding permission constituted a concluded contract, with the necessity of a Full Bench to resolve conflicting legal precedents on jurisdictional validity of compounding permissions. Case-Laws VAT and Sales Tax Thu, 22 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385554