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of <h1>Settlement Commission grants conditional immunity under Income Tax Act; non-compliance or falsehood leads to prosecution withdrawal</h1> The Settlement Commission may grant immunity from prosecution and penalties under the Income Tax Act and certain other laws if an applicant cooperates fully and discloses true income details. Immunity is conditional and can be denied if prosecution proceedings began before the application or if the application was made after June 1, 2007, for offenses outside the Income Tax and Wealth Tax Acts. Immunity may be withdrawn if the person fails to comply with settlement terms or is found to have concealed material facts or provided false evidence, allowing prosecution and penalties to be imposed. Since February 1, 2021, the power to grant such immunity is exercised by the Interim Board, with the same provisions applying to it as to the Settlement Commission.
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