The prosecution was launched against the company and its directors \u00a0for failure to deposit tax deducted at source\u00a0 as per obligation u\/s 204 of the Act . The petitioners \u00a0have filed an application for compounding \u00a0which is pending before the appropriate authority\u00a0 since\u00a0 4 th January , 2020, on which no action was taken till date neither \u00a0any reasons communicated to the petitioners .\u00a0 In the meantime the Magistrate Court\u00a0 started proceedings and issued bailable warrants . The petitioners filed writ petition against the Revenue for failure to dispose the pending compounding application . Allowing the petition the honourable \u00a0Court directed the\u00a0 Principal Commissioner to dispose\u00a0 the\u00a0 pending compounding application with in the period of three months from to day and not later than 27 th February\u00a0 2023. \u00a0\u00a0\u00a0\u00a0(WP(L) No. 35424 of 2022 dt . 28 th November , 2022)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 276B : Offences and prosecutions – Failure to pay to the credit tax deducted at source -Compounding application \u2013 Failure to dispose the compounding application by the Principal Commissioner \u2013 Directed the Principal Commissioner to dispose the pending compounding application with in the period of three months from to day and not later than 27 th February 2023 . [ S. 204 ,278B ,279(2)), Art , 226 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-30844","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-81u","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=30844"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30844\/revisions"}],"predecessor-version":[{"id":30845,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30844\/revisions\/30845"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}