https://www.taxtmi.com/acts?id=43881 The Act's procedures are amended to require a benamidar or beneficial owner served with a notice to furnish explanations within the notice period or an Initiating Officer-extended period not exceeding three months from the month-end of issue; various ninety-day limits are extended to four months and a fifteen-day post-attachment period is replaced by one month from the month-end of the attachment order. A new provision allows the Initiating Officer, with prior competent authority sanction, to tender immunity to a benamidar or other person (excluding the beneficial owner) on condition of full and true disclosure; accepted immunity shields against prosecution and penalties to the extent granted, but may be withdrawn for concealment or false evidence, permitting subsequent prosecution and penalties. en-us Sat, 17 Aug 2024 13:47:33 +0530 Thu, 05 Feb 2026 10:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43881 The Act's procedures are amended to require a benamidar or beneficial owner served with a notice to furnish explanations within the notice period or an Initiating Officer-extended period not exceeding three months from the month-end of issue; various ninety-day limits are extended to four months and a fifteen-day post-attachment period is replaced by one month from the month-end of the attachment order. A new provision allows the Initiating Officer, with prior competent authority sanction, to tender immunity to a benamidar or other person (excluding the beneficial owner) on condition of full and true disclosure; accepted immunity shields against prosecution and penalties to the extent granted, but may be withdrawn for concealment or false evidence, permitting subsequent prosecution and penalties. Act-Rules F. Acts / Amendment Acts Sat, 17 Aug 2024 13:47:33 +0530 https://www.taxtmi.com/acts?id=43881