Prior sanction for prosecution required from senior wealth tax authorities, with specified exceptions and compounding powers.

Prosecution of offences under the Wealth tax Act requires prior sanction of a senior wealth tax authority, except where prosecution is at the instance of the Commissioner (Appeals). Offences may be compounded before or after proceedings: where prosecution would lie at the Commissioner (Appeals) instance, compounding may be by the Board or an authority authorised by it; in other cases compounding may be by a senior wealth tax authority.

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