https://www.taxtmi.com/acts?id=8681 The Commissioner may grant immunity from penalty to a person who, after settlement proceedings have abated and penalty proceedings are pending, applies before penalty imposition and, after abatement, has cooperated with the wealth-tax authority and made a full and true disclosure of net wealth and its derivation; such immunity may be conditional and is withdrawable for noncompliance or if the person concealed material particulars or gave false evidence, in which case penalties apply as if immunity had not been granted. en-us Thu, 01 May 2008 18:31:25 +0530 Sat, 03 May 2008 12:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8681 The Commissioner may grant immunity from penalty to a person who, after settlement proceedings have abated and penalty proceedings are pending, applies before penalty imposition and, after abatement, has cooperated with the wealth-tax authority and made a full and true disclosure of net wealth and its derivation; such immunity may be conditional and is withdrawable for noncompliance or if the person concealed material particulars or gave false evidence, in which case penalties apply as if immunity had not been granted. Act-Rules F. Acts / Amendment Acts Thu, 01 May 2008 18:31:25 +0530 https://www.taxtmi.com/acts?id=8681