Court Finds No Malicious Intent by Assessee Despite Department's Oversight in Allowing Remittances Under Compounding Scheme.

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....Tax under the compounding scheme - The department was not vigilant but was also lethargic in so far as permitting the assessee to make remittances under the scheme for the subsequent year also when already notice was issued for cancellation of the compounding in the previous year. There can be no contumacious conduct found on the part of the asessee - HC....