Compounding of offences

Compounding of offences.-

1. (1) Subject to such conditions as may be prescribed, the Luxury Tax Officer or any officer authorised under sub-section
2. (1) of section 17 may, either before or after the institution of proceedings for an offence under this Act, permit any person who has committed or is suspected to have committed the offence to compound the offence on payment of such sum, not exceeding double the amount of tax to which the offence relates as the Luxury Tax Officer or such authorised officer may determine.
3. (2) On payment of such sum as may be determined by the Luxury Tax Officer or the authorised officer under sub-section (1), no further proceedings shall be taken against the person in respect of the same offence.