TaxTMI 
TaxTMI 
2022 (6) TMI 201
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....S.C. ORDER HON'BLE SAUMITRA DAYAL SINGH,J. 1. Heard Shri Shubham Agrawal, learned counsel for the applicant and learned Standing Counsel. 2. Present revision has been filed filed by the applicant against the order of the Trade Tax Tribunal, Allahabad Bench, Allahabad, dated 5.3.2008 in second appeal no. 46 of 2008 for A.Y. 2004-05. 3. By the aforesaid order, the Tribunal has rejected the ....
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.... the benefit of compounding under Section 7-D of The U.P. Trade Tax Act, 1948 (hereinafter referred to as the Act), for A.Y.s 2003-04 onwards. Merely because the assessing authority passed separate orders for the A.Y.s 2003-04, 2004-05 and 2005-06, he was not willfully entitled to enhance the rate of compounding fee @ 25% for the A.Y. 2004-05. Here, reference has been made to the compounding appli....
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....ounding for all three years, separately. Further, though the opposite party was bound to allow the applicant the benefit of compounding, at the same time, separate contracts were to be entered between the parties for each Assessment Year. Reference has been made to the separate orders passed under Section 7-D of the Act for the A.Y. 2003-04. 6. Having heard learned counsel for the parties and hav....