https://www.taxtmi.com/acts?id=8486 A new provision permits a taxpayer to apply for immunity from penalty after settlement proceedings have abated and before any penalty is imposed; the Commissioner may grant immunity, subject to conditions, where the taxpayer has cooperated post abatement and made a full and true disclosure, and may withdraw immunity for non compliance or if material concealment or false evidence is discovered, after which penalty provisions apply as if no immunity had been granted. en-us Fri, 29 Feb 2008 20:40:14 +0530 Sat, 01 Mar 2008 00:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8486 A new provision permits a taxpayer to apply for immunity from penalty after settlement proceedings have abated and before any penalty is imposed; the Commissioner may grant immunity, subject to conditions, where the taxpayer has cooperated post abatement and made a full and true disclosure, and may withdraw immunity for non compliance or if material concealment or false evidence is discovered, after which penalty provisions apply as if no immunity had been granted. Act-Rules Bills Fri, 29 Feb 2008 20:40:14 +0530 https://www.taxtmi.com/acts?id=8486