Co-Accused Can Apply Separately For Compounding Of Offences Committed By Company Or HUF Under Income Tax Act: Delhi High Court

The Delhi High Court has ruled that a co-accused is entitled to file a separate application for the compounding of offences under the Income Tax Act, even if the offence was committed by a company or HUF. The judgment provides clarity on the interpretation of compounding provisions under the Act, ensuring that co-accused individuals are not deprived of their right to seek relief through compounding. This ruling emphasizes individual rights within collective liability, helping to protect the interests of those who might otherwise be overlooked in group proceedings.