Assessee opting to Pay Tax on Compound Basis in lieu of Regular Basis of Assessment, cannot Turn Around: Kerala HC [Read Order]

Assessee opting to Pay Tax on Compound Basis in lieu of Regular Basis of Assessment, cannot Turn Around: Kerala HC
By Kalyani B. Nair - On April 16, 2024 3:15 pm - 2 mins read
Kerala High Court - Kerala HC - Regular basis tax vs compound basis - Compound tax basis implications - Legal tax assessment changes India - Taxscan

The Kerala High Court observed that the assessee opting to pay tax on compound basis in lieu of regular basis of assessment, cannot turn around. The petitioner is aggrieved by the judgment dated 22.02.2024 of a Single Judge. Briefly stated, the Writ Petition was filed challenging the orders issued by the 1st respondent under the…

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