Reports on compounding petitions.

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..... hief Commissioners on the petition for compounding filed by the assessees are not complete with respect to various conditions enumerated in the compounding guidelines. As a result, invariably a further report is to be called for by the Board. It has also been noticed that the reports on the compounding petitions are not sent to the Board in time. This leads to delay in taking a decision on the com .....

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..... e good or not giving reasons thereof. d) The case falls within the Board's letter F.No. 285/1026/87-IT (Inv) dated 3-8-89 even if the chances of successful prosecution are good in cases where the amount of default is less than Rs. 1 lakh. It is necessary to comment whether the assessee is cooperative and not recalcitrant in the discharge of his obligations under the I.T. Act. 3. In cases involv .....

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..... ovision in the compounding guidelines for the same. The reports, therefore, must clearly indicate whether the assessee is willing to pay the full composition fee. I have been directed to convey that the above facts should be taken into consideration while submitting the reports. There are certain offences for which no guidelines have been framed so far. The framing of these guidelines is under ac .....

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