https://www.taxtmi.com/circulars?id=68278 Compounding under section 279(2) is a discretionary power of the Commissioner to be exercised judicially. Compounding may be considered only on a written request by the assessee; cases with good prospects of successful prosecution should not ordinarily be compounded. Consider whether deterrence is better served by a composition fee or by prosecution. If fresh evidence weakens the prosecution and the assessee agrees, compounding may be advisable. Prior Board approval is required before compounding and no assurance should be given to the assessee beforehand. en-us Fri, 21 Mar 1969 00:00:00 +0530 Mon, 07 Apr 2025 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68278 Compounding under section 279(2) is a discretionary power of the Commissioner to be exercised judicially. Compounding may be considered only on a written request by the assessee; cases with good prospects of successful prosecution should not ordinarily be compounded. Consider whether deterrence is better served by a composition fee or by prosecution. If fresh evidence weakens the prosecution and the assessee agrees, compounding may be advisable. Prior Board approval is required before compounding and no assurance should be given to the assessee beforehand. Circulars Income Tax Fri, 21 Mar 1969 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68278