2015 (9) TMI 303

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..... l vide impugned order held that it is undisputed that assessee had been given credit of said scheme in previous year – There is no fixed time-limit in scheme disclosing period of its enforceability and, accordingly, there remains sufficient basis for bona fide on part of assessee to believe continuance of previously opted compounding scheme during relevant year – Whereas, scheme has not been broug .....

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..... e application made for obtaining benefit under the said scheme during the said assessment year was belated. The Tribunal has held that the application for compounding scheme had been filed beyond the prescribed time-limit, but, at the same time, it is also undisputed that the assessee had been given credit of the said scheme in the previous year as well as in the subsequent year also and that it i .....

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