Dismissing the revive petition the Court held that, the second application submitted by the petitioner for compounding, and therefore, keeping in view the CBDT Circular dated 23.12.2014 this Court has held that the PCIT was justified in treating the subsequent application as second application and levying the compounding fees at 5% treating the same as second application. (WP No. 3813 of 2019 dt 29-04-2019 (AY. 2013-14, 2015-16) (RP. No. 972 of 2019 dt. 13-12-2019)
PEB Steel LLoyd (India) Ltd. v. PCIT (2020) 423 ITR 29/ 185 DTR 233/ 313 CTR 200 (MP) (HC) PEB Steel LLoyd (India) Ltd. v. PCIT (2020)423 ITR 29 / 185 DTR 240 / 313 CTR 207(MP) (HC)
S. 279 : Offences and prosecutions–Compounding–Review–Compounding fees was levied 5% as treating the same as second application–Review petition was dismissed. [S. 201(1), 276B, 279(2), CPC, S. 114]