for the assessee argued, among other things, that what could be made foundation for an assessment by the assessee for payment of tax at compounded rate in terms of Section 8(f) of the KVAT Act are concluded assessments for the previous relevant years and such assessments ought to be those which have become final and accepted by the assessee. We have no doubt that it has to be so. But, as rightly pointed out by the learned Senior Government Pleader, Explanation 7 occurring under Section 8(f), which was inserted as per the Kerala Finance Act, 2009 with effect from 01.04.2009, states that tax payable as conceded in the accounts includes the tax payable on suppressed turnover subsequently detected also. This provision means that what is “tax payable as conceded in the accounts” for the purpose of Section 8(f) includes the tax payable on the suppressed turnover subsequently detected also, that is to say, if suppression of turnover during the previous years is detected subsequently, the tax payable on such suppressed turnover would also have to be reckoned for the purpose of determining the tax payable under Section 8(f) by an assessee who has taken recourse to the payment of tax
