CBDT issued new norms

16, Jun 2019

Prelims level : Mains level :
No Set Found with this ID

CONTEXT:

  • The Central Board of Direct Taxes issued new norms for compounding of offences on 14 June 2019.
  • The new guidelines have exclusion provisions, under which, offences under the Black Money and Imposition of Act, 2015, cannot be compounded in normal cases.
  • This includes money laundering cases.
  • Compounding means that the authorities agree to not prosecute offenders in return for a consideration.
Share Socially
Download PDF