https://www.taxtmi.com/caselaws?id=444483 The HC set aside the impugned communication imposing a 5% compounding fee on the petitioner-company, agreeing with the petitioner's argument that the fee should be 3% as it was the "first occasion" of applying for compounding under the Guidelines for Compounding of Offences under Direct Tax Laws, 2019. The court ordered the respondents to recalculate the compounding fee at the 3% rate and dispose of the writ petition accordingly. The interim order was vacated, and the parties were instructed to proceed based on the digitally signed order. en-us Mon, 25 Sep 2023 00:00:00 +0530 Tue, 17 Oct 2023 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444483 The HC set aside the impugned communication imposing a 5% compounding fee on the petitioner-company, agreeing with the petitioner's argument that the fee should be 3% as it was the "first occasion" of applying for compounding under the Guidelines for Compounding of Offences under Direct Tax Laws, 2019. The court ordered the respondents to recalculate the compounding fee at the 3% rate and dispose of the writ petition accordingly. The interim order was vacated, and the parties were instructed to proceed based on the digitally signed order. Case-Laws Income Tax Mon, 25 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444483