https://www.taxtmi.com/caselaws?id=459033 Gujarat HC quashed orders rejecting compounding application under Section 279(2) for TDS default prosecution under Section 276B. Petitioner had deposited outstanding tax, interest and fees, making them eligible for compounding. Court found respondent authority incorrectly rejected application despite previously allowing compounding for similar TDS defaults in other assessment years due to financial hardship. Authority failed to consider petitioner's consistent financial crisis from 2012-13 onwards as valid reason. Matter remanded for reconsideration under CBDT guidelines dated 14.06.2019 with stringent conditions for repeated defaults. en-us Tue, 30 Jan 2024 00:00:00 +0530 Tue, 26 Nov 2024 19:13:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459033 Gujarat HC quashed orders rejecting compounding application under Section 279(2) for TDS default prosecution under Section 276B. Petitioner had deposited outstanding tax, interest and fees, making them eligible for compounding. Court found respondent authority incorrectly rejected application despite previously allowing compounding for similar TDS defaults in other assessment years due to financial hardship. Authority failed to consider petitioner's consistent financial crisis from 2012-13 onwards as valid reason. Matter remanded for reconsideration under CBDT guidelines dated 14.06.2019 with stringent conditions for repeated defaults. Case-Laws Income Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459033