Questions & Answers On: compounding charges

Compounding of offense u/s 279 of Income-tax Act
Subject: Compounding of offense u/s 279 of Income-tax Act
Category:  Income Tax
Asked by: Nikhil Desai
Answered by:
Tags: ,
Date: September 29, 2018
Excerpt of answer:

The Querist is a private limited company. For the assessment year 2008-09, the querist filed the return of income declaring total income of Rs.17,18,090 and claimed refund of Rs.6,68,460. During the course of scrutiny assessment, the Assessing Officer objected to the assessee’s…