Is there any immunity to a person chargeable with tax in cases of fraud/suppression of facts/ willful misstatement, who pays the amount of demand along-with interest before issue of notice?

Is there any immunity to a person chargeable with tax in cases of fraud/suppression of facts/ willful misstatement, who pays the amount of demand along-with interest before issue of notice? https://www.taxtmi.com/acts?id=24596 A person who, before issue of any notice, pays the ascertained tax along with interest and a penalty equal to fifteen percent of the tax involved-whether self-ascertained or ascertained by the proper officer-shall obtain immunity from notice in respect of the tax so paid and no notice shall be issued for that tax. en-us Mon, 03 Apr 2017 16:05:30 +0530 Mon, 03 Apr 2017 16:05:30 +0530 TaxTMI RSS Generator Is there any immunity to a person chargeable with tax in cases of fraud/suppression of facts/ willful misstatement, who pays the amount of demand along-with interest before issue of notice? https://www.taxtmi.com/acts?id=24596 A person who, before issue of any notice, pays the ascertained tax along with interest and a penalty equal to fifteen percent of the tax involved-whether self-ascertained or ascertained by the proper officer-shall obtain immunity from notice in respect of the tax so paid and no notice shall be issued for that tax. Act-Rules Bills Mon, 03 Apr 2017 16:05:30 +0530 https://www.taxtmi.com/acts?id=24596