Court Upholds Rejection of Taxpayer's Compounding Application for Non-Filing u/s 276CC; Not a "First Offense.

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....Compounding of offence u/s 276CC - assessee failed to file the return for two assessment years - it cannot be said to be the "first offence" committed by the assessee - Rejection of the compounding application submitted by the petitioner is absolutely in consonance with the Guidelines, 2014. - HC....