Meaning of the term “compounding of offences”: Compoundable offences are those offences that can be conciliated by the parties between themselves. The permission of the court is not necessary. When an offence is compounded, the aggrieved party is adequately compensated. For example, if a person is inadvertently hit by someone’s car on the road and … Continue reading All about Compounding of offences under the Income Tax Act, 1961