https://www.taxtmi.com/caselaws?id=297511 Under the Kerala Value Added Tax regime, cancellation of compounding was upheld where undisclosed purchases and non-payment of tax under the compounding scheme showed breach of the statutory conditions. Best judgment assessment was also sustained because filing a revised return with tax and interest after penalty proceedings did not neutralise substantial suppression already found in the accounts. A later beneficial provision, section 25AA, was held inapplicable to disturb a concluded cancellation and assessment, so no remand or further relief was warranted. en-us Wed, 25 Nov 2020 00:00:00 +0530 Mon, 20 Sep 2021 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297511 Under the Kerala Value Added Tax regime, cancellation of compounding was upheld where undisclosed purchases and non-payment of tax under the compounding scheme showed breach of the statutory conditions. Best judgment assessment was also sustained because filing a revised return with tax and interest after penalty proceedings did not neutralise substantial suppression already found in the accounts. A later beneficial provision, section 25AA, was held inapplicable to disturb a concluded cancellation and assessment, so no remand or further relief was warranted. Case-Laws VAT and Sales Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297511