Immunity from prosecution may be tendered on full disclosure, but is withdrawable for concealment or false evidence.

The Central Government may grant immunity from prosecution and from imposition of penalties under the Code where a person makes a full and true disclosure of circumstances relating to concealment of income or tax evasion, the Government deems it necessary or expedient and records reasons in writing. Tendered and accepted immunity renders the person immune to specified prosecutions and penalties. The Government may withdraw immunity if it finds willful concealment of material particulars, false evidence, or non compliance with tender conditions; following withdrawal the person may be tried for the relevant or connected offences and become liable to penalties under the Code.

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