TDS defaults: Higher compounding Charge of 5% for repeat offender is valid

Maspar Industries Private Limited Vs CCIT TDS (Delhi High Court) Department has compounded the offences pertaining to late deposit of Tax Deducted at Source (TDS) committed by petitioner under Section 279(2) of the Act at the rate of five per cent compounding charges. Petitioner states that levying compounding charges at the rate of five per cent instead of the usual rate i.e., three per cent is in contravention of the Circular dated 23rd December, 2014 issued by the Department of Revenue, Central Board of Direct Taxes, Ministry of Finance, Government of India. This Court is of the opinion tha...