Guidelines for compounding of offences under Direct Tax Laws- 2014 clarification regarding amount of compounding fees for offences u/s 276C(1) of the IT Act, 1961
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Amount sought to be evaded clarified as including tax, penalty or interest, affecting compounding fee calculations. Clarification that the phrase 'amount sought to be evaded' for offences under section 276C(1) means the amount of any tax, penalty or interest chargeable or imposable under the Act, and that compounding fee calculations and related assessments must be based on that measure.
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.
Amount sought to be evaded clarified as including tax, penalty or interest, affecting compounding fee calculations.
Clarification that the phrase "amount sought to be evaded" for offences under section 276C(1) means the amount of any tax, penalty or interest chargeable or imposable under the Act, and that compounding fee calculations and related assessments must be based on that measure.
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