Amendment status not verified — confirm the current text below against the official source.
(1) The assessing authority may, either be€orc or aflur the institution of lm of promding for an offence under this Act, permit any asessee, charged with the ~floaces. offence, t.0 compound the offence on payment of such sum, not exceeding five thousand rupees or double the amount of tax recoverable, whichever is greater. (2) On payment of such sum as may be determined by the assessing authority under sub-section (11, no futher proceedings shall be taken against the person in respect of the same offence. (3) Any order passed or praceeding recorded by the. assessing aut bority under subsection (I), shaIl bc final and no appeal or application for , revision shall lie therefrom. - ; Power to cdo* attandance OOC.