Compounding of offences: revised conditions require payment of undisputed tax and prescribed compounding charges before compounding. Revised guidelines reintroduce a distinction between technical offences and non-technical offences for compounding under Direct Tax Laws. Compounding is discretionary and requires a written request, payment of undisputed tax, interest and penalties, and prescribed compounding charges. CCIT/DGIT may compound first technical offences meeting conditions; Board approval is required in other cases and for most substantive offences. Repeat offences attract enhanced fees, and the Finance Minister may permit compounding in deserving cases. The guidelines supersede earlier instructions and apply to other Direct Tax Laws.
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Provisions expressly mentioned in the judgment/order text.
Compounding of offences: revised conditions require payment of undisputed tax and prescribed compounding charges before compounding.
Revised guidelines reintroduce a distinction between technical offences and non-technical offences for compounding under Direct Tax Laws. Compounding is discretionary and requires a written request, payment of undisputed tax, interest and penalties, and prescribed compounding charges. CCIT/DGIT may compound first technical offences meeting conditions; Board approval is required in other cases and for most substantive offences. Repeat offences attract enhanced fees, and the Finance Minister may permit compounding in deserving cases. The guidelines supersede earlier instructions and apply to other Direct Tax Laws.
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