January 01, 2020 to January 15, 2020
INCOME TAX
1. Compounding of Offences under Direct Tax Laws – One -
time measure - Extension of Timeline
Circular No. 2512019 F. No. 285/08/2014-TT (Tnv. V)/350 dated
09.09.2019, which stipulates condition that any application for
compounding of offenses under the Income-tax Act, 1961 (the Act)
are to be filed within 12 months from the date of filing of
complaint in the court was relaxed by CBDT earlier extending the
date up to 31.12.2019, as a one-time measure. Based on requests
received from the industry CBDT has now extending the time limit up
to or before 31.01.2020 to file such application before the
Competent Authority i.e. the Pro CClT/CClT/Pr. DGlT/DGlT
concerned.
