Other Accused May Independently Seek Compounding Of Offences by Company or HUF Under Income Tax Act: Delhi High Court

In a significant ruling, the High Court of Delhi has set aside an order rejecting a petitioner's application for the compounding of offences under Section 276B and 278B of the Income Tax Act, 1961. The decision came in the case of W.P. (C) 16701/2024 filed by Sumit Bharana (the petitioner) challenging the order dated 28.05.2024 passed by the Income Tax authorities. Background of the Case The petitioner, Sumit Bharana, was…