Penalty waiver and prosecution immunity under dispute resolution depend on full tax payment, cooperation, and compliance with conditions.

Power is conferred on the Dispute Resolution Committee to reduce or waive penalty, grant immunity from prosecution, or do both in relation to the order under dispute resolution, subject to receipt of the prescribed intimation, recorded reasons, and conditions imposed by the Committee. The relief is available only where the applicant has paid the tax due on the returned income in full and has cooperated with the Committee in the proceedings. Immunity is barred if prosecution proceedings have already been initiated before receipt of the application, and any granted relief is withdrawn on breach of conditions.

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