New Delhi: The compliance window in the black money law has created more confusion and fear in the minds of the industry leaders, professionals, trading entrepreneurs, than giving any comfort of stress-free regime that treats the tax-payers with respect, the ASSOCHAM said.

'Based on a wide range of consultations with a cross section of the tax payers, we found there is so much of a confusion and in some cases even panic for being on the wrong side of this law by non-compliance which may result from inadvertent steps," a chamber note has pointed.