https://www.taxtmi.com/caselaws?id=758049 Section 279(2) of the Income-tax Act permits compounding of offences before or after institution of proceedings and does not prescribe any limitation period for filing such an application. A CBDT circular cannot impose a time bar inconsistent with the statute or curtail the substantive right to seek compounding. On that basis, rejection of the compounding application as time-barred was unsustainable, and the rejection was set aside. The application was directed to be taken on record and considered on merits in accordance with law. en-us Tue, 13 Aug 2024 00:00:00 +0530 Thu, 05 Sep 2024 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758049 Section 279(2) of the Income-tax Act permits compounding of offences before or after institution of proceedings and does not prescribe any limitation period for filing such an application. A CBDT circular cannot impose a time bar inconsistent with the statute or curtail the substantive right to seek compounding. On that basis, rejection of the compounding application as time-barred was unsustainable, and the rejection was set aside. The application was directed to be taken on record and considered on merits in accordance with law. Case-Laws Income Tax Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758049