Prosecution bar where penalty reduced or waived; admissions and documents remain admissible despite belief in compounding. The amendment adds section 275A to the offence proceeding reference, bars prosecution under section 277 for assessment years where the clause (iii) ... Summary
Prosecution bar where penalty reduced or waived; admissions and documents remain admissible despite belief in compounding.
The amendment adds section 275A to the offence proceeding reference, bars prosecution under section 277 for assessment years where the clause (iii) penalty under section 271(1) has been reduced or waived under section 271(4A), and provides that statements, accounts or documents produced before specified Income tax authorities are not inadmissible solely because they were made in belief of penalty reduction, waiver, or compounding.
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