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The High Court held that the compounding application should be treated as filed on the original date of February 15, 2018, rather than September 24, 2020, as erroneously considered by the respondents. Consequently, the erstwhile 2014 compounding guidelines would apply instead of the 2019 guidelines. The Court directed the respondents to recompute the compounding charges payable by the petitioner based on the 2014 guidelines, considering the application date as February 15, 2018. Upon payment of the recomputed charges, the application shall be processed further in accordance with law.
The High Court held that the compounding application should be treated as filed on the original date of February 15, 2018, rather than September 24, 2020, as erroneously considered by the respondents. Consequently, the erstwhile 2014 compounding guidelines would apply instead of the 2019 guidelines. The Court directed the respondents to recompute the compounding charges payable by the petitioner based on the 2014 guidelines, considering the application date as February 15, 2018. Upon payment of the recomputed charges, the application shall be processed further in accordance with law.
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TaxTMI 
TaxTMI 
