https://www.taxtmi.com/news?id=25793 Guidelines create a discretionary administrative framework for compounding offences under Chapter XXII of the Income-tax Act by specified senior authorities, classify offences into Category A (technical omissions) and Category B (non-technical commissions), set eligibility conditions including payment of outstanding tax, interest and penalty and withdrawal of related appeals, list exclusions (e.g., IPC prosecutions, foreign assets, benami, repeat offenders), and prescribe detailed procedural steps and compounding charges computed by offence-specific formulas, with provisions for jurisdictional competence, timelines, interest on delayed payments, co-accused treatment, and limited relaxation mechanisms. en-us Sat, 17 Sep 2022 12:18:47 +0530 Wed, 11 Feb 2026 15:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25793 Guidelines create a discretionary administrative framework for compounding offences under Chapter XXII of the Income-tax Act by specified senior authorities, classify offences into Category A (technical omissions) and Category B (non-technical commissions), set eligibility conditions including payment of outstanding tax, interest and penalty and withdrawal of related appeals, list exclusions (e.g., IPC prosecutions, foreign assets, benami, repeat offenders), and prescribe detailed procedural steps and compounding charges computed by offence-specific formulas, with provisions for jurisdictional competence, timelines, interest on delayed payments, co-accused treatment, and limited relaxation mechanisms. News - Sat, 17 Sep 2022 12:18:47 +0530 https://www.taxtmi.com/news?id=25793