CBDT circular fixing time limit for filing application for compounding of offences struck down

Jayshree Vs Central Board of Direct Taxes (Madras High Court)

Madras High Court held that the CBDT is not empowered to fix the time limit for filing the application for compounding of offences, which is contrary to the provisions of Section 279(2) of the IT Act. Accordingly, CBDT circular dated 14.06.2019 fixing the same is liable to be struck down.

Facts-

The petitioner had purchased a property in the year 2006 and sold the same in the

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