Compounding Charges must be computed by taking 100% of Amount of Tax sought to be Evaded: Gujarat HC follows CBDT Circular [Read Judgment]

The Gujarat High Court has held that for the purpose of computing Compounding charges, the expression “amount sought to be evaded” in CBDT’s compounding guidelines dated 23.12.2014 means the amount of “tax sought to be evaded” and not the amount of “income sought to be evaded”. Before the High Court, the Petitioner has challenged the […]

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