Power to compound offences

Power to compound offences.

1. (1) The Assessing authority may, at any time, accept from any person, who has committed an offence under section 18, by way of composition of such offence a sum not exceeding one thousand rupees or double the amount of the tax involved, whichever is greater.
2. (2) On payment of such sum of money as may be determined under sub-section (1), the Assessing authority shall report to the Court that the offence has been compounded and no further proceeding under section 18 shall be taken against the accused, as the case may be.