Immunity from penalty available when taxpayer cooperates after abatement, subject to conditions and withdrawal for concealment. An application for immunity from penalty may be made to the Principal Commissioner or Commissioner where settlement proceedings have abated and penalty proceedings are pending, provided no penalty has been imposed after abatement. The authority may grant immunity subject to conditions if the person cooperated after abatement and made a full and true disclosure. The order must be passed within a prescribed twelve month period and no rejection may occur without an opportunity of hearing. Immunity is withdrawn for failure to meet conditions or for concealment or false evidence, after which penalties apply as if immunity had not been granted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Immunity from penalty available when taxpayer cooperates after abatement, subject to conditions and withdrawal for concealment.
An application for immunity from penalty may be made to the Principal Commissioner or Commissioner where settlement proceedings have abated and penalty proceedings are pending, provided no penalty has been imposed after abatement. The authority may grant immunity subject to conditions if the person cooperated after abatement and made a full and true disclosure. The order must be passed within a prescribed twelve month period and no rejection may occur without an opportunity of hearing. Immunity is withdrawn for failure to meet conditions or for concealment or false evidence, after which penalties apply as if immunity had not been granted.
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