https://www.taxtmi.com/caselaws?id=380163 The court upheld the order of the Principal Chief Commissioner of Income Tax, determining compounding charges at 5% for the offence under Section 276-B for the Financial Years 2013-14 and 2014-15. The court found that the applications were not valid until correctly filed, considering them as second occasions per CBDT guidelines. The petitioner's plea to treat the applications as first occasions was rejected, affirming the 5% compounding fee calculation. Consequently, the writ petition was dismissed. en-us Mon, 29 Apr 2019 00:00:00 +0530 Tue, 21 Jul 2020 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380163 The court upheld the order of the Principal Chief Commissioner of Income Tax, determining compounding charges at 5% for the offence under Section 276-B for the Financial Years 2013-14 and 2014-15. The court found that the applications were not valid until correctly filed, considering them as second occasions per CBDT guidelines. The petitioner's plea to treat the applications as first occasions was rejected, affirming the 5% compounding fee calculation. Consequently, the writ petition was dismissed. Case-Laws Income Tax Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380163