The High Court having dismissed the assessee’s petition seeking the quashing of criminal proceedings initiated against the assessee under section 276C(1) and section 277 of the Income-tax Act, 1961. on appeal, The Supreme Court disposed of the appeal directing that if the assessee paid the compounding fee within the time stipulated in the order passed by the Supreme Court (Pr. CIT v. K.M. Mammen, (2026) 485 ITR 453 (SC)) on the Department’s special leave petition against the order of the High Court arising out of the assessee’s application for compounding the offences in question, the trial court shall compound the offence subject matter of this appeal.(AY. 2002-03)
K.M. Mammen v. Dy. CIT (2026) 485 ITR 455 (SC) Editorial : K.M. Mammen v. Dy. CIT, (2022) 445 ITR 220 (Mad)(HC)
S. 276C: Offences and prosecutions-Wilful attempt to evade tax-Contempt of court-Compounding of offences-False verification-High Court dismissing assessee’s petition seeking quashing of criminal proceedings-Appeal disposed of on basis of order arising out of assessee’s application for compounding offences, directing that if assessee paid compounding fee within time stipulated in order, trial court shall compound offences.[S. 273A, 276C, 277, 279(1A),279 (2), Art. 136]
Leave a Reply