Income Tax Dept Initiates Criminal Prosecution without Considering Reply: Madras HC directs to dispose of Compounding Application Within 4 Weeks [Read Order]

After reviewing the materials on record, the High Court found that the compounding application had not been considered by the department.
By Navasree A.M - On September 7, 2024 3:01 pm - 2 mins read
Madras High Court - Income Tax - Income Tax Dept Initiates Criminal Prosecution - Taxscan

The Madras High Court has directed the Income Tax Department to dispose of a compounding application filed by a petitioner within four weeks. The petitioner had approached the court after the Income Tax Department initiated criminal prosecution without considering their reply to a show-cause notice. The counsel for the petitioner-assessee, M/s.Babu Rangasamy Associates argued that…

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