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of <h1>Central Government can grant immunity for wealth tax evasion if full disclosure is made; revocable for non-compliance.</h1> The Central Government has the authority to grant immunity from prosecution to individuals involved in concealing net wealth or evading wealth tax, provided they make a full and honest disclosure of relevant circumstances. This immunity covers offenses under the Wealth Tax Act, the Indian Penal Code, or any other applicable Central Act, and protects against penalties under the Wealth Tax Act. If the individual fails to comply with the disclosure conditions or provides false evidence, the immunity can be revoked, making them subject to prosecution and penalties for the original offenses or any related offenses.
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