Amendment status not verified — confirm the current text below against the official source.
(1) The Commissions may, before the institution of proceedings for any offence punishable under s u h i o n (4) ofsection 89 or under any rules made under this Regulation, accept from any person charged withwch offence by way of composition of offence, a sum not exccedtng fifty thousand rupees or a sum not e x d i n g three times the amount of tax which would thereby have been avoided, whichever is higher. (2) On payment of such sum as may be determined by the Commissioner under sub- section (I), no further proceedings shall be commenced against such person in respect of the same offence.