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of <h1>Application for Penalty Immunity Allowed Under Section for Full Cooperation and Truthful Disclosure Before Penalty Imposition</h1> A person may apply to the Principal Commissioner or Commissioner for immunity from penalty if settlement proceedings have abated and penalty proceedings have been initiated. The application must be made before penalty imposition post-abatement. Immunity may be granted if the person cooperates fully and discloses income truthfully. The authority must decide the application within twelve months, providing an opportunity to be heard before rejection. Immunity can be withdrawn if the person fails to comply with conditions or is found to have concealed material facts or given false evidence, making them liable for penalties as if immunity had not been granted.
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