Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases

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....section 201, grant- (a) immunity from instituting any proceedings in respect of an offence under the Income-tax Act or the Wealth-tax Act, as the case may be; or, (b) immunity from imposition or waiver, as the case may be, of penalty under the Income-tax Act or the Wealth-tax Act, as the case may be, in respect of,- (i) specified tax covered in the declaration under sect....

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....notified by the Central Government in the Official Gazette. The new Chapter, inter alia, provides-- (a) the definition of certain expressions relating to "declarant", "designated authority", "disputed income", "disputed tax", "disputed wealth", "specified tax" and "tax arrear";  (b) the proviso relating to the declaration of tax payable under this Scheme by the declarant; (c) the ....