‘Compounding’ is essentially a compromise, arrangement or settlement between administrator of the enactment and person committing an offence. Compounding of offence consists of receipt of some consideration (termed as composition fees) in return for an agreement not to prosecute one who has committed an offence. Compounding of an offence ceases the offence. It is evident from section 320(8) of Code of Criminal procedure, the Compounding of an offence is not a mere discharge but it is an acquitta’Compounding’ is essentially a compromise, arrangement or settlement between administrator of the enactment and person committing an offence. Compounding of offence consists of receipt of some consideration (termed as composition fees) in return for an agreement not to prosecute one who has committed an offence. Compounding of an offence ceases the offence. It is evident from section 320(8) of Code of Criminal procedure, the Compounding of an offence is not a mere discharge but it is an acquittataxmann.com Latest ArticlesRead More
Compounding fees lesser than Statutory minimum fine
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- Post published:April 12, 2021
- Post category:News / Taxman Articles
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