Compounding of offences under Income-tax
Guidelines for Compounding of Offences under the Income-Tax Act, 1961 – reg.
The Guidelines on Compounding of Offences under the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) have been reviewed by the Board with a view to simplify and facilitate compounding of offences.
- Accordingly, in supersession of all earlier Guidelines on this subject, including the last Guidelines of the Board issued vide F.No.28S/08/2014 IT (Inv. V)/147 dated 14th June, 201 9, the following Guidelines are issued, henceforth, for compliance by all concerned.
- Compounding Provision
Section 279(2) of the Act provides that any offence under Chapter XXII of the Act may, either, before or after the institution of proceedings, be compounded by the Pr.CClT/ CCIT/ Pr.DGIT/ DGlT. As per section 2( I5A) and 2(21 ) of the Act, Chief Commissioner of Income Tax includes Principal Chief Commissioner of Income Tax and Director General of Income Tax includes Principal Director General of Income Tax. These Guidelines are issued in exercise of power conferred u/s 119 of the Act read with explanation below sub-section (6) of section 279 of the Act.
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