2013 (4) TMI 123

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....JUDGMENT Petitioner is an FL-3 licensee. Assessment for the years 2006-07, 2007-08 and 2008-09 were completed on the basis of the option of compounding exercised by the petitioner.   Subsequently, they were issued Ext.P1 series of notices proposing to revise the assessment orders adopting the higher compounded tax payable as indicated in the notices. This is on the basis of inclusion of the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hat therefore Ext.P5 circular is also included. However, the learned Government Pleader relied on the judgment of this court in Sannidhan Bar and Rstuarant V. State of Kerala (2011 (42) VST 352(Ker), where an order of rectification including the value of the opening stock was upheld by this court. 5. Having considered the rival submissions made and in view of the principles laid down by the Divi....