Immunity from proceedings and waiver of penalties and interest available where tax is declared under the scheme. The designated authority, subject to conditions in section 204, may grant immunity from instituting proceedings for offences under the Income-tax Act or Wealth-tax Act, grant immunity from or waiver of penalties in respect of specified tax declared or tax arrears to the extent penalties exceed declared amounts, and waive interest in respect of declared specified tax or tax arrears to the extent interest exceeds declared amounts.
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 proceedings and waiver of penalties and interest available where tax is declared under the scheme.
The designated authority, subject to conditions in section 204, may grant immunity from instituting proceedings for offences under the Income-tax Act or Wealth-tax Act, grant immunity from or waiver of penalties in respect of specified tax declared or tax arrears to the extent penalties exceed declared amounts, and waive interest in respect of declared specified tax or tax arrears to the extent interest exceeds declared amounts.
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