TaxTMI 
TaxTMI 
Compounding of offences.
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.... compounding amount in such manner as may be prescribed: Provided that nothing contained in this section shall apply to- 1[(a) a person who has been allowed to compound once in respect of any of the offences specified in clauses (a) to (f), (h), (i) and (l) of sub-section (1) of section 132;] 2[****] 3[(c) a person who has been accused of committing an offence under clause (b) of sub-secti....
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....be determined by the Commissioner, no further proceedings shall be initiated under this Act against the accused person in respect of the same offence and any criminal proceedings, if already initiated in respect of the said offence, shall stand abated. *************** NOTES:- 1. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-10-2023 before it was read as, "(a) a person ....
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....-2023 before it was read as, "(c) a person who has been accused of committing an offence under this Act which is also an offence under any other law for the time being in force;" 4. Omitted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-10-2023 before it was read as, "(e) a person who has been accused of committing an offence specified in clause (g) or clause (j) or clause....