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of <h1>Immunity Offered for Full Disclosure in Benami Transactions Under Relevant Section; Withdrawal Leads to Prosecution</h1> The Initiating Officer, with prior approval from the competent authority, may offer immunity from prosecution to a benamidar or related person, excluding the beneficial owner, in exchange for full disclosure of benami transaction details. Acceptance of immunity protects the individual from prosecution and penalties under the relevant section. If the individual fails to comply, conceals information, or provides false evidence, the Initiating Officer may, with sanction, withdraw immunity. Upon withdrawal, the individual may face prosecution and penalties for the original or related offenses connected to the benami transaction. This provision aims to facilitate evidence gathering while ensuring accountability.
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