https://www.taxtmi.com/caselaws?id=365242 For compounding applications, the applicable fee was held to be the rate in force on the date of filing, not a later CBDT circular applied to subsequent applications, so the petitioners' challenge to the fee calculation failed. At the same time, the Court recognised that the statutory power to compound could still be exercised even after proceedings had begun, and there was no inflexible bar on permitting payment of the balance fee. The petitioners were therefore allowed to pay the remaining amount, with credit for sums already paid, and seek compounding of the offences. en-us Tue, 01 May 2018 00:00:00 +0530 Mon, 13 Aug 2018 06:12:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365242 For compounding applications, the applicable fee was held to be the rate in force on the date of filing, not a later CBDT circular applied to subsequent applications, so the petitioners' challenge to the fee calculation failed. At the same time, the Court recognised that the statutory power to compound could still be exercised even after proceedings had begun, and there was no inflexible bar on permitting payment of the balance fee. The petitioners were therefore allowed to pay the remaining amount, with credit for sums already paid, and seek compounding of the offences. Case-Laws Income Tax Tue, 01 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365242