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of <h1>Prosecution for Income Tax Offences Requires Prior Sanction Under Income-tax Act, 1961; Compounding Allowed by Authorized Officials</h1> Prosecution for specified income tax offences under the Income-tax Act, 1961, can only proceed with prior sanction from designated authorities such as the Principal Chief Commissioner, Chief Commissioner, Principal Commissioner, Commissioner, or their appellate equivalents. Certain offences related to assessment years with reduced or waived penalties are exempt from prosecution. Offences may be compounded by authorized senior officials before or after proceedings commence. Statements or documents produced during such proceedings remain admissible even if made under the belief of penalty reduction or compounding. The Central Government may establish schemes to streamline sanction and compounding processes, including technological measures and team-based decisions, with notifications subject to parliamentary oversight. The Board retains authority to issue directions for proper offence composition, ensuring procedural efficiency, transparency, and accountability in prosecution and compounding under the Act.
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