https://www.taxtmi.com/caselaws?id=421803 The Court upheld the Chief Commissioner of Income Tax's decision to impose a higher compounding fee of five per cent on the petitioners for late deposit of Tax Deducted at Source, considering them as 'repeat offenders'. The Court emphasized the importance of compliance with tax laws and incentivizing adherence to regulations. However, the issue of whether the compounding fee should be payable only by the main accused was left for further examination, with the Court criticizing the lack of time given to file necessary documents before imposing charges on all directors. The petitioners were directed to pay the compounding charge within two weeks, excluding specific individuals, pending further instructions at the next hearing. en-us Wed, 27 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 08:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421803 The Court upheld the Chief Commissioner of Income Tax's decision to impose a higher compounding fee of five per cent on the petitioners for late deposit of Tax Deducted at Source, considering them as 'repeat offenders'. The Court emphasized the importance of compliance with tax laws and incentivizing adherence to regulations. However, the issue of whether the compounding fee should be payable only by the main accused was left for further examination, with the Court criticizing the lack of time given to file necessary documents before imposing charges on all directors. The petitioners were directed to pay the compounding charge within two weeks, excluding specific individuals, pending further instructions at the next hearing. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421803