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Income Tax Act, 1962 (Act 58 of 1962)

Regulations issued under Section 91A of the Income Tax Act, 1962

Part 5: Compromise of tax debt

14. Commissioner not bound by compromise



The Commissioner will not be bound by the compromise if-

a) the debtor failed to make full disclosure of all material facts to which the compromise relates;
b) the debtor supplied any materially incorrect information to which the compromise relates;
c) the debtor fails to comply with any provision or condition contained in the agreement contemplated in paragraph 13; or
d) the debtor is liquidated or his or her estate is sequestrated before that debtor has fully complied with all conditions contained in the agreement as contemplated in paragraph 13.