https://www.taxtmi.com/manuals?id=1641 An application for immunity from penalty may be made to the Principal Commissioner or Commissioner where settlement proceedings have abated and penalty proceedings are pending, provided no penalty has been imposed after abatement. The authority may grant immunity subject to conditions if the person cooperated after abatement and made a full and true disclosure. The order must be passed within a prescribed twelve month period and no rejection may occur without an opportunity of hearing. Immunity is withdrawn for failure to meet conditions or for concealment or false evidence, after which penalties apply as if immunity had not been granted. en-us Wed, 19 Jul 2017 11:15:00 +0530 Wed, 21 Aug 2024 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1641 An application for immunity from penalty may be made to the Principal Commissioner or Commissioner where settlement proceedings have abated and penalty proceedings are pending, provided no penalty has been imposed after abatement. The authority may grant immunity subject to conditions if the person cooperated after abatement and made a full and true disclosure. The order must be passed within a prescribed twelve month period and no rejection may occur without an opportunity of hearing. Immunity is withdrawn for failure to meet conditions or for concealment or false evidence, after which penalties apply as if immunity had not been granted. Manuals Income Tax Wed, 19 Jul 2017 11:15:00 +0530 https://www.taxtmi.com/manuals?id=1641