https://www.taxtmi.com/highlights?id=95245 The dominant issue was whether revised compounding Guidelines dated 17.10.2024 could be applied to compute compounding fee for an offence under s.279(2) on a compounding application filed on 05.03.2021 pursuant to prior judicial directions. The Explanation to s.279(6), though retrospective from 01.04.1962, only clarifies the Board's power to issue binding instructions and operates as a proviso making the Commissioner's power subject to then-applicable Board instructions; it does not authorise applying later guidelines to an already-pending compounding request, unless a fresh independent application is made under the new guidelines. Consequently, determination of compounding charges under the 17.10.2024 Guidelines was held unsustainable. - HC en-us Sat, 20 Dec 2025 07:45:34 +0530 Sat, 20 Dec 2025 07:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=95245 The dominant issue was whether revised compounding Guidelines dated 17.10.2024 could be applied to compute compounding fee for an offence under s.279(2) on a compounding application filed on 05.03.2021 pursuant to prior judicial directions. The Explanation to s.279(6), though retrospective from 01.04.1962, only clarifies the Board's power to issue binding instructions and operates as a proviso making the Commissioner's power subject to then-applicable Board instructions; it does not authorise applying later guidelines to an already-pending compounding request, unless a fresh independent application is made under the new guidelines. Consequently, determination of compounding charges under the 17.10.2024 Guidelines was held unsustainable. - HC Highlights Income Tax Sat, 20 Dec 2025 07:45:34 +0530 https://www.taxtmi.com/highlights?id=95245