https://www.taxtmi.com/caselaws?id=15145 The court upheld the Tribunal's decision to cancel the penalty under section 271B of the Income-tax Act, emphasizing total immunity from penal proceedings under the amnesty scheme and related circulars. The court clarified that the intention of the circulars was to grant immunity from penalties of all nature for voluntary disclosures, leading to the dismissal of penalty initiation and levy on a return filed under the "amnesty scheme." en-us Tue, 09 Nov 1999 00:00:00 +0530 Mon, 03 Aug 2009 13:06:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15145 The court upheld the Tribunal's decision to cancel the penalty under section 271B of the Income-tax Act, emphasizing total immunity from penal proceedings under the amnesty scheme and related circulars. The court clarified that the intention of the circulars was to grant immunity from penalties of all nature for voluntary disclosures, leading to the dismissal of penalty initiation and levy on a return filed under the "amnesty scheme." Case-Laws Income Tax Tue, 09 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15145