Court Waives Penalty After Assessee's Withdrawal Denied u/s 8; Tax Already Paid, Single Default Noted.

Court Waives Penalty After Assessee's Withdrawal Denied u/s 8; Tax Already Paid, Single Default Noted. https://www.taxtmi.com/highlights?id=33071 Withdrawal of Compounding u/s 8 - there is no reason for the AO to consider the withdrawal application, since the assessee has already acted in accordance with the compounding application made and remitted the tax due under the scheme - penalty waived for one of non-payment or default in payment - HC en-us Wed, 01 Feb 2017 08:40:14 +0530 Wed, 01 Feb 2017 08:40:14 +0530 TaxTMI RSS Generator Court Waives Penalty After Assessee's Withdrawal Denied u/s 8; Tax Already Paid, Single Default Noted. https://www.taxtmi.com/highlights?id=33071 Withdrawal of Compounding u/s 8 - there is no reason for the AO to consider the withdrawal application, since the assessee has already acted in accordance with the compounding application made and remitted the tax due under the scheme - penalty waived for one of non-payment or default in payment - HC Highlights VAT and Sales Tax Wed, 01 Feb 2017 08:40:14 +0530 https://www.taxtmi.com/highlights?id=33071