Section 202 ofIncome Tax Ordinance, 2001 has explained that the commissioner has power to compound offences.
The Federal Board of Revenue (FBR)issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought throughFinance Act, 2021.
Following is the text of Section 202 ofIncome Tax Ordinance, 2001:
202. Power to compound offences.—Notwithstanding any provisions of this Ordinance, where any person has committed any offence, the Chief Commissioner may, with the prior approval of the Board, either before or after the institution of proceedings, compound such offence subject to payment of tax due along with default surcharge and penalty as is determined under the provisions of this Ordinance.
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