Compounding of tax offences: streamlined guidelines set eligibility, procedure, authority and computation of compounding charges. Guidelines set a consolidated framework for compounding offences under the Income Tax Act: they apply from issuance to new and pending applications, require a prescribed affidavit, payment of a non refundable application fee, and settlement of all outstanding tax, interest and penalties. The jurisdictional Principal CCIT/CCIT/Principal DGIT/DGIT is the Competent Authority; certain high gravity or specified cases require prior Board approval. Procedure, timelines, electronic processing, and computation rules for compounding charges (based on tax excluding interest) are specified, including multiplicative increases for repeat or delayed applications and provisions for co accused and consolidated filings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compounding of tax offences: streamlined guidelines set eligibility, procedure, authority and computation of compounding charges.
Guidelines set a consolidated framework for compounding offences under the Income Tax Act: they apply from issuance to new and pending applications, require a prescribed affidavit, payment of a non refundable application fee, and settlement of all outstanding tax, interest and penalties. The jurisdictional Principal CCIT/CCIT/Principal DGIT/DGIT is the Competent Authority; certain high gravity or specified cases require prior Board approval. Procedure, timelines, electronic processing, and computation rules for compounding charges (based on tax excluding interest) are specified, including multiplicative increases for repeat or delayed applications and provisions for co accused and consolidated filings.
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