Tag: CBDT Compounding of offences Guidelines
CBDT relaxes timeline for Compounding of Offences to 31.01.2020. Read Circular Circular No. 1/2020-Income Tax F.No.285/08/2014-IT(Inv. V)/639Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes) Room No. 513, 5th Floor, C-Block,Dr. Shyama Prasad Mukherjee Civic Centre,Minto Road, New Delhi -110002.Dated: 03.01.2020 Subject: Relaxation of time-Compounding of Offences …
CBDT gives one time Relaxation of time limit of 12 months for filing compounding of offences application under Income Tax Act Circular No. 25/2019 F.No.285/08/2014-IT(Inv. V)/350Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*** Room No. 515, 5th Floor, C-Block,Dr. Shyama Prasad Mukherjee Civic Centre,Minto Road, …
CBDT revises Guidelines for Compounding of Offences under Direct Tax Laws, 2019 Section 279(2) of the Income Tax Act, 1961 (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. CCIT/CCIT/Pr. DGIT/DGIT. …
CBDT Compounding of offences Guidelines not illegal or arbitrary. Principle of proportionality also not apply as fee is paid to avoid punishment for a criminal offence-High Court Chapter XXII of the Income Tax Act, 1961 (the Act) deals with Offences and Prosecution. Section 279(2) provides that any offence …