Guidelines for Compounding of Offences under Direct Tax Laws, 2014

In the light of various references received from the field formation from time to time, existing guidelines on compounding of offences under Income-tax Act, 1961 (the Act) have been reviewed and in supersession of the same, including the guidelines issued vide F.No. 285/90/2008-IT(Inv.)/12 dated 16 th May 2008, the following guidelines are issued for compliance by all concerned. Read the rest of this entry »