Penalty immunity order timeframe tightened; authorities must decide applications promptly and after hearing, with transitional deadline. The amendment mandates that the order accepting or rejecting an application for immunity from penalty must be passed within twelve months from the end of ... Summary
Penalty immunity order timeframe tightened; authorities must decide applications promptly and after hearing, with transitional deadline.
The amendment mandates that the order accepting or rejecting an application for immunity from penalty must be passed within twelve months from the end of the month in which the application is received, requires that no rejection be made without giving the assessee an opportunity of being heard, and provides a transitional cutoff for applications pending on commencement.
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