Tag: compounding fee

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 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 …