Guidelines for compounding of offences.

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..... ed under a separate forwarding letter of even number and date. During the operation of these guidelines certain ambiguities were noticed and, hence, clarifications were sought by the field officers. For instance, in some regions, CCs were calculating the compounding fee for offence u/s.276(c)(1) only on the tax sought to be evaded by the assessee while in others the compounding fee was calculated .....

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..... ation in regard to Section 276C(1) will, it is hoped make the matter clear and unambiguous. 4. To sum up, henceforth, the compounding fee would be worked out at 100% of the tax calculated at the maximum marginal rate of the income sought to be concealed, where the amount is less than Rs. 1 lakh and @ 200% if the income sought to be concealed exceeds Rs. 1 lakh. F.No. 285/82/90-IT(Inv)/1154 .....

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