Immunity from penalty and prosecution may be granted for settlements on co operation and full disclosure, subject to withdrawal. Settlement Commission may grant immunity from penalty and prosecution to an applicant under section 273 for the case covered by settlement, subject to conditions. Immunity is available only if the applicant co-operates with the Commission and makes a full and true disclosure of income and its derivation. Immunity is withdrawn if the applicant fails to pay specified sums, fails other conditions, or concealed material particulars or gave false evidence; withdrawal exposes the person to prosecution and to penalties that would have applied absent immunity.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Immunity from penalty and prosecution may be granted for settlements on co operation and full disclosure, subject to withdrawal.
Settlement Commission may grant immunity from penalty and prosecution to an applicant under section 273 for the case covered by settlement, subject to conditions. Immunity is available only if the applicant co-operates with the Commission and makes a full and true disclosure of income and its derivation. Immunity is withdrawn if the applicant fails to pay specified sums, fails other conditions, or concealed material particulars or gave false evidence; withdrawal exposes the person to prosecution and to penalties that would have applied absent immunity.
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