https://www.taxtmi.com/caselaws?id=47933 In compounding proceedings, full and true disclosure is satisfied where the applicant substantively admits the offence and does not conceal any material fact bearing on the exercise of discretion; a mere discrepancy with the investigating agency's version does not defeat compounding. The rules did not require an oral hearing to the investigating agency before allowing compounding, and fairness was met where the department could submit its report. A compounding order is valid if it shows application of mind and gives reasons supporting the conclusion, even if it is not drafted like a judicial judgment. The document affirms the liberal object of compounding as a means of avoiding prolonged proceedings. en-us Tue, 17 Oct 2006 00:00:00 +0530 Sat, 31 Jul 2010 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47933 In compounding proceedings, full and true disclosure is satisfied where the applicant substantively admits the offence and does not conceal any material fact bearing on the exercise of discretion; a mere discrepancy with the investigating agency's version does not defeat compounding. The rules did not require an oral hearing to the investigating agency before allowing compounding, and fairness was met where the department could submit its report. A compounding order is valid if it shows application of mind and gives reasons supporting the conclusion, even if it is not drafted like a judicial judgment. The document affirms the liberal object of compounding as a means of avoiding prolonged proceedings. Case-Laws Customs Tue, 17 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47933