CBDT launches one-time facility for compounding of income tax offences
Central Board of Direct Taxes (CBDT) has launched “one-time measure” facility for compounding of income tax offences and to reduce the pendency of existing prosecution cases before the courts. It can be filed in cases where prosecution proceedings are pending before any court of law for more than 12 months or any compounding application for an offence filed previously was withdrawn by the applicant solely for the reason that such application was filed beyond 12 months.
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