TMI BlogPowers of Settlement Commission to grant immunity from prosecutionX X X X Extracts X X X X X X X X Extracts X X X X ..... nt Commission in the proceedings before it and has made a full and true disclosure of his net wealth and the manner in which such wealth has been acquired, grant to such person, subject to such conditions as it may think fit to impose, immunity from prosecution for any offence under this Act or under the Indian Penal Code (45 of 1860) or under any other Central Act for the time being in force 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction (1) shall stand withdrawn if such person fails to pay any sum specified in the order of settlement passed under sub-section (4) of section 22D within the time specified in such order or within such further time as may be allowed by the Settlement Commission, or fails to comply with any other condition subject to which the immunity was granted and thereupon the provisions of this Act shall ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Taxation Laws (Amendment) Act, 1984, w.e.f. 1-10-1984. Before it was read as:- "and also from the imposition of any penalty" by 2. Inserted vide the Finance Act, 1987, w.e.f. 1-6-1987. 3. Inserted vide the Finance Act, 2007, w.e.f. 1-6-2007. 4. Inserted vide the Finance Act, 1987, w.e.f. 1-6-1987. 5. Omitted vide the Finance Act, 1987, w.e.f. 1-6-1987. Before it was read as:- "has ..... X X X X Extracts X X X X X X X X Extracts X X X X
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