https://www.taxtmi.com/caselaws?id=284984 An assessee that had opted for the compounding scheme under the U.P. VAT regime and paid tax accordingly could not be subjected to reassessment under Section 29(7) for the same liability. The court reasoned that acceptance of compounding, followed by payment of compounded tax, removed the foundation for reopening the assessment, so the reassessment machinery under Section 29 was inapplicable. On that basis, the reassessment proceeding was held to be without jurisdiction and the reassessment order was quashed in favour of the assessee. en-us Wed, 21 Sep 2016 00:00:00 +0530 Fri, 20 Dec 2019 11:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284984 An assessee that had opted for the compounding scheme under the U.P. VAT regime and paid tax accordingly could not be subjected to reassessment under Section 29(7) for the same liability. The court reasoned that acceptance of compounding, followed by payment of compounded tax, removed the foundation for reopening the assessment, so the reassessment machinery under Section 29 was inapplicable. On that basis, the reassessment proceeding was held to be without jurisdiction and the reassessment order was quashed in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284984