https://www.taxtmi.com/caselaws?id=448400 The Madras HC quashed the order rejecting compounding applications filed by the petitioner and its directors for TDS-related offences under Section 276B of the IT Act, 1961. The court held that while the applications were filed beyond the 12-month timeline prescribed in the CBDT circular dated 16.09.2022, such limitations are directory, not mandatory, and cannot override Section 279(2) of the IT Act which permits compounding before conviction. The court found the applications lacked necessary details and granted the petitioner 30 days to file amended applications with proper explanations. The matter was remitted to the first respondent for fresh consideration within six months. en-us Wed, 13 Dec 2023 00:00:00 +0530 Thu, 18 Jan 2024 09:00:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448400 The Madras HC quashed the order rejecting compounding applications filed by the petitioner and its directors for TDS-related offences under Section 276B of the IT Act, 1961. The court held that while the applications were filed beyond the 12-month timeline prescribed in the CBDT circular dated 16.09.2022, such limitations are directory, not mandatory, and cannot override Section 279(2) of the IT Act which permits compounding before conviction. The court found the applications lacked necessary details and granted the petitioner 30 days to file amended applications with proper explanations. The matter was remitted to the first respondent for fresh consideration within six months. Case-Laws Income Tax Wed, 13 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448400