https://www.taxtmi.com/acts?id=49923 The amendment adds section 275A to the offence proceeding reference, bars prosecution under section 277 for assessment years where the clause (iii) penalty under section 271(1) has been reduced or waived under section 271(4A), and provides that statements, accounts or documents produced before specified Income tax authorities are not inadmissible solely because they were made in belief of penalty reduction, waiver, or compounding. en-us Fri, 28 Feb 2025 16:15:27 +0530 Fri, 28 Feb 2025 16:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49923 The amendment adds section 275A to the offence proceeding reference, bars prosecution under section 277 for assessment years where the clause (iii) penalty under section 271(1) has been reduced or waived under section 271(4A), and provides that statements, accounts or documents produced before specified Income tax authorities are not inadmissible solely because they were made in belief of penalty reduction, waiver, or compounding. Act-Rules F. Acts / Amendment Acts Fri, 28 Feb 2025 16:15:27 +0530 https://www.taxtmi.com/acts?id=49923