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2006 (1) TMI 574 - HC - VAT and Sales TaxExtract: .......n the compounding application, which in our view is not permissible. In such circumstances, we find it difficult to accept the contention of the learned counsel and we therefore hold that the assessee is bound to pay tax as demanded by exhibit P2 demand notice dated May 2, 2002. Writ appeal therefore lacks merits and the same would stand dismissed.
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