Compounding procedure requirements: reports must address all guideline conditions, factual submissions, and be timely and signed. Reports on compounding petitions must address the assessee's submissions, confirm whether guideline conditions are satisfied, and state whether it is a first offence, whether the case involves a large industrial house, prospects of successful prosecution with reasons, and whether the assessee is cooperative. Reports must explain any claimed hardship, be signed by the Chief Commissioner, reach the Board within one month, and explicitly state the assessee's willingness to pay the full composition fee; recommendations to reduce the fee where no guideline permits are impermissible.
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 procedure requirements: reports must address all guideline conditions, factual submissions, and be timely and signed.
Reports on compounding petitions must address the assessee's submissions, confirm whether guideline conditions are satisfied, and state whether it is a first offence, whether the case involves a large industrial house, prospects of successful prosecution with reasons, and whether the assessee is cooperative. Reports must explain any claimed hardship, be signed by the Chief Commissioner, reach the Board within one month, and explicitly state the assessee's willingness to pay the full composition fee; recommendations to reduce the fee where no guideline permits are impermissible.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
