Get latest articles and stories on Business at LatestLY. The Central Board of Direct Taxes (CBDT) has issued revised guidelines with regards to the compounding of offences under the Income Tax Act, 1961, in conformity with the government's policy of facilitating Ease of Doing Business and decriminalisation of offences. Business News | CBDT Issues Norms for Compounding of Offences Under I-T Act.