HC Orders CCIT for Expedited Review of Compounding Application

Ruben Jeyasankari Vs Chief Commissioner of Income Tax (Madras High Court) Madras High Court recently passed a judgment in the case of Ruben Jeyasankari Vs Chief Commissioner of Income Tax-4. The petitioner sought compounding of an offence under Section 276CC of the Income Tax Act, 1961, related to the non-filing of returns. The petitioner filed the compounding application on 31.10.2022, urging swift consideration and disposal. However, the senior standing counsel, R.S.Balaji, opposed, citing guidelines from the Central Board of Direct Taxes and referring to a Delhi High Court judgment. The Cou...