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![RBI Amends FEMA Compounding Guidelines: Removes Linkage to Past Orders, Adds New Payment Reconciliation Requirements [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/04/FEMA-3.jpg "RBI Amends FEMA Compounding Guidelines: Removes Linkage to Past Orders, Adds New Payment Reconciliation Requirements [Read Circular]")
RBI Amends FEMA Compounding Guidelines: Removes Linkage to Past Orders, Adds New Payment Reconciliation Requirements [Read Circular]
The Reserve Bank of India (RBI) issued a circular on April 22, 2025, revising the guidelines for compounding of contraventions under the Foreign...
![Income Tax Dept Initiates Criminal Prosecution without Considering Reply: Madras HC directs to dispose of Compounding Application Within 4 Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Income-Tax-Income-Tax-Dept-Initiates-Criminal-Prosecution-Taxscan.jpg "Income Tax Dept Initiates Criminal Prosecution without Considering Reply: Madras HC directs to dispose of Compounding Application Within 4 Weeks [Read Order]")
![Application for Compounding Offences u/s 276C(1) and 277 of Income Tax Act Rejected on Non-Filing of Complete Bank Statement: Delhi HC directs to Consider Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Bank-Statement-Non-Filing-Delhi-HC-directs-to-Consider-Application-directs-to-Consider-Application-Consider-Application-Delhi-High-Court-TAXSCAN.jpg "Application for Compounding Offences u/s 276C(1) and 277 of Income Tax Act Rejected on Non-Filing of Complete Bank Statement: Delhi HC directs to Consider Application [Read Order]")
![Telangana HC stays Criminal Proceedings against Assessee until disposal of Compounding Application u/s 279(2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Telangana-HC-Criminal-Proceedings-Compounding-Application-TAXSCAN.jpg "Telangana HC stays Criminal Proceedings against Assessee until disposal of Compounding Application u/s 279(2) [Read Order]")
Compounding Application cannot be Rejected on Ground of Limitation or Non-Payment of Compounding Fee: Delhi HC [Read Judgment]
In Vikram Singh v. UOI & Anr, the division bench of the Delhi High Court held that the Income Tax authorities cannot reject a compounding application by stating that it is barred by limitation or...
![Compounding Application cannot be Rejected on Ground of Limitation or Non-Payment of Compounding Fee: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Compounding Application cannot be Rejected on Ground of Limitation or Non-Payment of Compounding Fee: Delhi HC [Read Judgment]")