(1) Subject to such conditions as may be prescribed, Commissioner or any officer authorized in this behalf by him may, either before or after institution of proceedings of prosecution for any offence punishable under this Act, accept from any person charged with such offence under this Act or the rules made there under, by way of composition of offence, in addition to the amount so payable, a sum not exceeding double the amount of tax which would have been payable had these provisions been complied with:
Provided that such authority shall not accept any sum by way of composition which is less than twenty five per cent of the amount of tax which would have been payable had these provisions been complied with.
(2) Where such authority compounds an offence under this section, the order, –
(a) shall be in writing and specify the offence committed, the sum of money to be paid, the due date for payment, and date by which the proof of such payment is to be produced;
(b) shall be served on the person who committed the offence; and
(c) shall be final and not subject to any appeal.
(3) On payment of such sum as may be determined under sub-section (1), no further proceedings shall be taken against the person concerned in respect of the same offence.