CBDT guidelines dated 14th June 2019 is contrary to provisions of section 279(2)

Footcandles Film Pvt. Ltd. Vs ITO (Bomby High Court) Bombay High Court held that CBDT Guidelines dated 14th June 2019 prescribing time limit for application for compounding of offence is contrary to provisions of section 279(2) of the Income Tax Act. Facts- The petitioner, before any demand notice was issued, had voluntarily deposited the entire due Tax Deducted at Source (TDS), along with statutory interest liability thereon. Subsequently, notice dated 18th October 2011 was issued calling upon it to show cause as to why prosecution should not be launched for offences committed under Section 2...