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2007 (9) TMI 574 - KERALA HIGH COURTCompounded rate of tax demanded - Held that:- Sub-section (ii) of section 8(f) read with Explanation applies to a dealer who commenced business in the previous year relevant to the year for which tax at compounded rate is to be computed where such dealer had not carried out business for the full period of the said previous year. In the circumstances, the Compounded tax computed under impugned order namely, exhibit P2 under section 8(f)(i) read with Explanation I thereto is perfectly in order and the writ petition is therefore rejected.
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