DRC Power to reduce or waive penalty or immunity from prosecution or both [ Section 245MA(2) ]

DRC power to reduce or waive penalty or grant immunity where tax due is paid and cooperation is provided.

The Dispute Resolution Committee may reduce or waive penalties and grant immunity from prosecution for disputes resolved under the chapter, provided the assessee has paid tax due on returned income in full (if available) and has cooperated with the DRC; reasons must be recorded in writing, immunity is unavailable if prosecution had already begun before application, and any granted immunity may be withdrawn for non compliance with conditions.