Sec. 279 – Compounding of Offences – SLP dismissed against order of HC that where assessee company had voluntarily deposited TDS due to be credited to Central Govt. along with penal interest liability, though beyond time stipulated, but before any demand or show cause notice issued upon it, impugned order of Chief Commissioner (TDS) rejecting assessee’s application for compounding of offence charged u/s 276B read along with sec. 287B on the ground that same was filed beyond twelve months was contrary to the provisions of sec. 279(2), and thus, liable to be set aside.
ITO v. Footcandles Films (P.) Ltd. – [2023] 154 taxmann.com 501(SC).