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

Last updated: 08 January 2020

Notice Date : 03 January 2020

F.No.285/08/2014-IT(Inv. V)/639

Government of India

Ministry of Finance

Department 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 under Direct Tax Laws-One-time measure-Extension of Timeline-Reg.

Reference is inv ited to the Circular No. 2512019 F. No. 285/08/2014-TT(Tnv. V)/350 dated 09.09.2019, whereby, the condition for filing of applications for compounding of offences under the Income-tax Act, 1961 (the Act), to be filed within 12 months from filing of complaint in the court, was relaxed by CBDT till 31.12.2019, as a one-time measure.

2. The CBDT has received references from the field formation, including requests made by the ICAI chapters, wherein, it has been brought to the notice of CBDT that the taxpayers could not avail the benefit of the one-time relaxation window due to genuine hardships.

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