https://www.taxtmi.com/circulars?id=53158 Guidelines provide a discretionary compounding regime for Chapter XXII offences under the Income-tax Act, classifying offences into Category 'A' and 'B', setting eligibility conditions (prescribed application, payment of outstanding tax/interest/penalty, undertaking to pay compounding charges and to withdraw or modify appeals), listing exclusions (such as repeated prior compounding, earlier prosecutions, involvement in specified investigations or convictions), designating CCIT/DGIT as competent authority with enhanced committee review for high-value Category 'B' matters, prescribing procedural timelines for processing, payment and orders, and establishing a detailed compounding charge structure including fees, prosecution establishment expenses and litigation costs; the framework applies similarly to other direct tax laws. en-us Tue, 23 Dec 2014 00:00:00 +0530 Wed, 06 Aug 2025 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53158 Guidelines provide a discretionary compounding regime for Chapter XXII offences under the Income-tax Act, classifying offences into Category 'A' and 'B', setting eligibility conditions (prescribed application, payment of outstanding tax/interest/penalty, undertaking to pay compounding charges and to withdraw or modify appeals), listing exclusions (such as repeated prior compounding, earlier prosecutions, involvement in specified investigations or convictions), designating CCIT/DGIT as competent authority with enhanced committee review for high-value Category 'B' matters, prescribing procedural timelines for processing, payment and orders, and establishing a detailed compounding charge structure including fees, prosecution establishment expenses and litigation costs; the framework applies similarly to other direct tax laws. Circulars Income Tax Tue, 23 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53158