https://www.taxtmi.com/caselaws?id=399753 For assessment year 2011-12, Section 3(4)(b) of the Tamil Nadu Value Added Tax framework was read as allowing a dealer to continue with the compounded rate up to the Rs. 50 lakh threshold, while taxing only the excess turnover under Section 3(2). Mere crossing of that limit did not justify denying the compounding benefit altogether or taxing the entire turnover under Section 3(2). An assessment notice based on that wider approach was treated as inconsistent with the statutory scheme and was quashed, with the matter remitted for reconsideration and reassessment after hearing the dealer. en-us Thu, 10 Sep 2020 00:00:00 +0530 Sat, 17 Oct 2020 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399753 For assessment year 2011-12, Section 3(4)(b) of the Tamil Nadu Value Added Tax framework was read as allowing a dealer to continue with the compounded rate up to the Rs. 50 lakh threshold, while taxing only the excess turnover under Section 3(2). Mere crossing of that limit did not justify denying the compounding benefit altogether or taxing the entire turnover under Section 3(2). An assessment notice based on that wider approach was treated as inconsistent with the statutory scheme and was quashed, with the matter remitted for reconsideration and reassessment after hearing the dealer. Case-Laws VAT and Sales Tax Thu, 10 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399753