The Bombay High Court held that the competent authority could not reject a compounding application solely on the ground of delay, as the Income-tax Act, 1961 did not prescribe a limitation period. The court set aside the impugned order and directed the Chief Commissioner to reconsider the application based on relevant facts and judicial precedents.
4 Mar 2025Income-tax Act, 1961 – Section 279(2) – Compounding of Offences – CBDT Guidelines – Discretion of Authority The court reaffirmed that when a ...
