Amendment status not verified — confirm the current text below against the official source.
Compounding of offences.— (1) Subject to such conditions as may be prescribed, the Commissioner may, either before or after the institution of proceedings for an offence under this Act, permit any person charged with the offence to compound the offence on payment of such sum, not exceeding triple the amount of tax to which the offence relates, as the Commissioner may determine. (2) On payment of such sum as may be determined by the Commi ssioner under sub-section (1), no further proceedngs shall be taken against the nrson in respect of the same offence. 13