https://www.taxtmi.com/caselaws?id=445869 The court set aside the orders rejecting the application for compounding offences under the Income Tax Act, specifically under Sections 276C(1), 276D, and 277, for the Assessment Year 2006-07. The petitioner had initially been denied compounding due to incomplete bank statements from HSBC Geneva. The court directed the concerned officer to reconsider the compounding application with the now available bank statements. Additionally, the court instructed a fresh adjudication of the compounding application dated 22.02.2016, granting the petitioner a personal hearing and requiring a decision within eight weeks, ensuring a fair and timely process. en-us Wed, 08 Nov 2023 00:00:00 +0530 Tue, 21 Nov 2023 08:33:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445869 The court set aside the orders rejecting the application for compounding offences under the Income Tax Act, specifically under Sections 276C(1), 276D, and 277, for the Assessment Year 2006-07. The petitioner had initially been denied compounding due to incomplete bank statements from HSBC Geneva. The court directed the concerned officer to reconsider the compounding application with the now available bank statements. Additionally, the court instructed a fresh adjudication of the compounding application dated 22.02.2016, granting the petitioner a personal hearing and requiring a decision within eight weeks, ensuring a fair and timely process. Case-Laws Income Tax Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445869