CBDT’s Revised Guidelines on Compounding of Offences under Income Tax Act, 1961

Facilitating Ease of Doing Business and decriminalization of offenses, the CBDT has taken steps in this direction by issuing revised Guidelines for Compounding of Offenses under the Income-tax Act, 1961 (the ‘Act’) dated 16.09.2022 with reference to various offenses covered under the Act’s prosecution provisions.   Among the major changes made for the benefit of taxpayers … Read more