https://www.taxtmi.com/circulars?id=10438 Revised guidelines liberalise compounding under Direct Tax Laws by distinguishing technical and substantive offences, delegating substantial compounding powers to CCsIT/DGsIT (subject to conditions), and allowing limited compounding of technical offences even where complaints are already filed. They prescribe computation of the amount in default and compounding charges on the basis of the assessment or any subsequently final revised order, require certain categories to be referred to the Board, extend applicability to pending and earlier rejected cases (excluding already compounded matters), and mandate timely disposal, reporting, and publicity. en-us Fri, 30 Sep 1994 00:00:00 +0530 Wed, 06 Aug 2025 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10438 Revised guidelines liberalise compounding under Direct Tax Laws by distinguishing technical and substantive offences, delegating substantial compounding powers to CCsIT/DGsIT (subject to conditions), and allowing limited compounding of technical offences even where complaints are already filed. They prescribe computation of the amount in default and compounding charges on the basis of the assessment or any subsequently final revised order, require certain categories to be referred to the Board, extend applicability to pending and earlier rejected cases (excluding already compounded matters), and mandate timely disposal, reporting, and publicity. Circulars Income Tax Fri, 30 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10438