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Income Tax - Highlights / Catch Notes

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Compounding of the offence committed for failure to pay the Tax ...


Opportunity to Resubmit Applications for Compounding TDS Offences Granted; No Limitation Period for Such Offences.

January 18, 2024

Case Laws     Income Tax     HC

Compounding of the offence committed for failure to pay the Tax Deducted at Source (TDS) - There is no limitation prescribed - Since the applications filed by the petitioner and its Directors are bereft of any details, the petitioner is given a fresh chance to file an amended copy of applications for compounding of the offence explaining the reasons as to why the offences for which they have been prosecuted should not be compounded under Section 279(2) of the IT Act, 1961. - HC

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