Insertion of new section 18BA - WT Act - Power of Commissioner to grant immunity from penalty.

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Full Text of the Document

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.... application for settlement under section 22C and the proceedings for settlement have abated under section 22HA; and (b)  the penalty proceedings have been initiated under this Act. (2) The application to the Commissioner under sub-section (1) shall not be made after the imposition of penalty after abatement. (3)  The Commissioner may, subject to such conditions as he may think ....