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

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....>Finance Act, 2016<br>Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases. 205. The designated authority shall, subject to the conditions provided....

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....x arrear covered in the declaration to the extent the penalty exceeds the amount of penalty referred to in sub-clause (b) of clause (I) of section 202; (c) waiver of interest under the Income-tax Act....