High Court Rules Compounding Fee Under KVAT Act Applies at Time of Payment, Not Tax Evasion.

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....Compounding of offences - KVAT Act - For compounding an offence, which of the compounding fees should be paid by the assessee: the one prevailing when the evasion took place or the one prevailing at the time of actual compounding? - The compounding fee as prevailing at the time of the assessee’s deciding to pay it shall alone apply - HC....