Relaxation of time-Compounding of Offences under Direct Tax Laws-One-time measure

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..... Room No. 515, 5 th Floor, C-Block, Dr. Shyama Prasad Mukherjee Civic Centre, Minto Road, New Delhi -110002. Dated: 09.09.2019 Subject: Relaxation of time-Compounding of Offences under Direct Tax Laws-One-time measure-Reg. The Central Board of Direct Taxes (CBDT) has been issuing guidelines from time to time f .....

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..... g prosecution cases before the courts, the CBDT in exercise of powers u/s 119 of the Income-tax Act, 1961 (the Act) read with explanation below sub-section (3) of section 279 of the Act issues this Circular. 4.1 As a one-time measure, the condition that compounding application shall be filed within 12 months, is hereby relaxed, under the following conditions: .....

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..... harges etc. shall apply to such applications. 5. For the purposes of this Circular, application can be filed in all such cases where- a) prosecution proceedings are pending before any court of law for more than 12 months, or b) any compounding application for an offence filed previously was withdrawn by the applicant solely for the reason th .....

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