TaxTMI 
TaxTMI 
Compounding of offences
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....ich is punishable with fine only, by collecting from a person reasonably suspected of having committed the offence, a sum which may extend to the amount of the maximum fine provided for the offence but shall not be lower than the minimum amount provided for the offence. (2) Nothing contained in sub-section (1) shall apply to an offence committed by a limited liability partnership or its partner o....
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....tution of any prosecution, intimation thereof shall be given to the Registrar within a period of seven days from the date on which the offence is so compounded. (5) Where any offence is compounded before the institution of any prosecution, no prosecution shall be instituted in relation to such offence. (6) Where the compounding of any offence is made after the institution of any prosecution, suc....
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.... this section, if any partner or designated partner or other employee of the limited liability partnership who fails to comply with any order made by the Regional Director or any other officer not below the rank of Regional Director authorised by the Central Government, under sub-section (7), the maximum amount of fine for the offence, which was under consideration of Regional Director or such aut....