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Income Tax - Highlights / Catch Notes

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Compounding of offences - period of limitation - Validity of ...

Income Tax

November 28, 2023

Compounding of offences - period of limitation - Validity of period of 12 months from the date of launching of prosecution - the CBDT is not empowered to fix the time limit for filing the application for compounding of offences, which is contrary to the provisions of Section 279(2) of the IT Act - HC

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