Insertion of new section 18BA.
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....plication to the Commissioner for granting immunity from penalty, if (a) he has made an 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 abate....


TaxTMI
TaxTMI