Immunity from penalty and interest: settlement order bars prosecution and levies on specified tax arrears. Under clause 6, subject to clause 5, the DA is precluded from instituting prosecution, imposing or levying penalties, or charging interest under the Income tax Act in respect of the tax arrears covered by the settlement; the DA's order under section 5(2) must expressly reiterate this bar.
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Immunity from penalty and interest: settlement order bars prosecution and levies on specified tax arrears.
Under clause 6, subject to clause 5, the DA is precluded from instituting prosecution, imposing or levying penalties, or charging interest under the Income tax Act in respect of the tax arrears covered by the settlement; the DA's order under section 5(2) must expressly reiterate this bar.
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