https://www.taxtmi.com/acts?id=21223 Statute provides that an assessee who pays the tax and interest shown in an assessment or reassessment order within the demand period and has not filed an appeal may apply, within a short prescribed period, for immunity from specified penalties and initiation of prosecution; the assessing officer, after the appeal period has expired and if penalty proceedings have not been initiated under the particular circumstances, must decide the application within a fixed one month window, grant or reject after hearing, and the order is final and bars appeal or revision against that assessment where immunity is accepted. en-us Fri, 06 May 2016 16:50:30 +0530 Fri, 06 May 2016 16:50:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21223 Statute provides that an assessee who pays the tax and interest shown in an assessment or reassessment order within the demand period and has not filed an appeal may apply, within a short prescribed period, for immunity from specified penalties and initiation of prosecution; the assessing officer, after the appeal period has expired and if penalty proceedings have not been initiated under the particular circumstances, must decide the application within a fixed one month window, grant or reject after hearing, and the order is final and bars appeal or revision against that assessment where immunity is accepted. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:50:30 +0530 https://www.taxtmi.com/acts?id=21223