Settlement terms define tax liabilities and may grant immunity from prosecution and penalties, with payment and attachment conditions. Orders set settlement terms by determining tax, interest, fine or penalty payable and the manner of payment; unpaid sums are recoverable to the Central Government. The Commission may grant immunity from prosecution and from penalty, order provisional attachment of applicant property during proceedings (ceasing upon discharge of sums), remit cases to the relevant adjudicating authority when the applicant has not cooperated, and, with the applicant's concurrence and within a five year period from application, reopen connected concluded proceedings and pass appropriate orders.
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.
Settlement terms define tax liabilities and may grant immunity from prosecution and penalties, with payment and attachment conditions.
Orders set settlement terms by determining tax, interest, fine or penalty payable and the manner of payment; unpaid sums are recoverable to the Central Government. The Commission may grant immunity from prosecution and from penalty, order provisional attachment of applicant property during proceedings (ceasing upon discharge of sums), remit cases to the relevant adjudicating authority when the applicant has not cooperated, and, with the applicant's concurrence and within a five year period from application, reopen connected concluded proceedings and pass appropriate orders.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
