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of <h1>Navigating Tax Offence Compounding: Commissioners Gain Discretionary Powers to Resolve Violations Under Section 279(2)</h1> A legal circular provides guidelines for compounding offences under section 279(2) of the Income Tax Act, 1961. The Commissioner has discretionary power to compound offences judicially. Key considerations include written requests from the assessee, prospects of successful prosecution, deterrent effects, and potential weakness in prosecution evidence. Board approval is mandatory before compounding, and no prior assurances should be given to the taxpayer. The decision depends on specific case circumstances.
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