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of <h1>Revised board guidelines for compounding under section 279(2) Income-tax Act: categories, eligibility, fees, exclusions, timelines, authorities</h1> Revised Board guidelines update compounding under section 279(2) of the Income-tax Act, classifying Chapter XXII offences into Category A (technical/omission) and B (non-technical/commission), specifying eligibility (prescribed affidavit application, payment of outstanding tax/interest/penalty, undertaking to pay compounding charges and withdraw related appeals), procedural timelines, competent authorities, and detailed compounding fee formulas (including prosecution and litigation costs), caps and exceptions. Certain offences (e.g. sections 275A/275B, serious repeat or linked offences, foreign/benami/ED/CBI matters) are non-compoundable; limited relaxations and increased charges for late applications are provided. Guidelines apply immediately to applications received on or after the issue date.
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