https://www.taxtmi.com/acts?id=43914 Section 55A permits the Initiating Officer, with prior sanction of the competent authority, to tender immunity from prosecution to a benamidar or other person (excluding the beneficial owner) in return for a full and true disclosure of the benami transaction; such immunity applies only to the offence and penalties under section 53 as specified. If the recipient wilfully conceals facts, gives false evidence, or fails to comply, the Initiating Officer may record a finding and, with prior sanction, withdraw the immunity, after which the person may be tried and held liable for offences and penalties connected with the transaction. en-us Wed, 21 Aug 2024 16:56:17 +0530 Wed, 04 Feb 2026 12:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43914 Section 55A permits the Initiating Officer, with prior sanction of the competent authority, to tender immunity from prosecution to a benamidar or other person (excluding the beneficial owner) in return for a full and true disclosure of the benami transaction; such immunity applies only to the offence and penalties under section 53 as specified. If the recipient wilfully conceals facts, gives false evidence, or fails to comply, the Initiating Officer may record a finding and, with prior sanction, withdraw the immunity, after which the person may be tried and held liable for offences and penalties connected with the transaction. Act-Rules Benami Property Wed, 21 Aug 2024 16:56:17 +0530 https://www.taxtmi.com/acts?id=43914