1970 (7) TMI 65 - HC - VAT and Sales Tax

Summary

The Madras High Court dismissed the petition of a petitioner who chose to compound irregularities in their business premises by paying a fine of Rs. 750, despite the department declining to accept their explanation. The court held that the findings in the compounding proceedings may not necessarily prejudice the petitioner in assessment proceedings, as the assessing authority will judge the materials with a fresh mind.