https://www.taxtmi.com/caselaws?id=466780 Immunity from penalty and prosecution under Section 245H(1) of the Income-tax Act is conditional on the Settlement Commission recording satisfaction that the applicant made full and true disclosure of income and explained the manner in which it was derived. Where that recorded satisfaction is absent, the grant of immunity cannot stand. The Delhi High Court therefore set aside the immunity component and remanded the matter to the Settlement Commission for fresh consideration of that question in accordance with law. en-us Fri, 21 Jul 2017 00:00:00 +0530 Thu, 19 Feb 2026 13:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466780 Immunity from penalty and prosecution under Section 245H(1) of the Income-tax Act is conditional on the Settlement Commission recording satisfaction that the applicant made full and true disclosure of income and explained the manner in which it was derived. Where that recorded satisfaction is absent, the grant of immunity cannot stand. The Delhi High Court therefore set aside the immunity component and remanded the matter to the Settlement Commission for fresh consideration of that question in accordance with law. Case-Laws Income Tax Fri, 21 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466780