https://www.taxtmi.com/caselaws?id=447679 An assessee who, while a compounding application remains pending, files returns in the prescribed compounding form and remits tax under that scheme cannot later resile from that election and insist on treatment of those returns as normal turnover returns. In the absence of rejection or withdrawal of the compounding application, and where no time limit for disposal was prescribed, the assessee remains bound by the course already adopted and cannot challenge the assessment on the ground that regular assessment would be more favourable. The earlier Division Bench view was followed, and the challenge to the impugned orders failed. en-us Wed, 29 Nov 2023 00:00:00 +0530 Tue, 02 Jan 2024 21:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447679 An assessee who, while a compounding application remains pending, files returns in the prescribed compounding form and remits tax under that scheme cannot later resile from that election and insist on treatment of those returns as normal turnover returns. In the absence of rejection or withdrawal of the compounding application, and where no time limit for disposal was prescribed, the assessee remains bound by the course already adopted and cannot challenge the assessment on the ground that regular assessment would be more favourable. The earlier Division Bench view was followed, and the challenge to the impugned orders failed. Case-Laws VAT and Sales Tax Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447679