Guidelines for compounding of offences under direct tax laws

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Full Text of the Document

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....), dated 20.10.1995 and guidelines were revised vide F. No. 285/26/2002-IT(lnv.), dated 29.07.2003. 2. Certain ambiguities were noted regarding the issue whether the 'tax sought to be evaded' for purpose of compounding in cases where return were to be filed u/s 158BC/158BD or 153A/153C shall be tax only on the additions made, by A.O to the income shown in such returns. 3. The Board after careful....