Insertion of new section 273AA - Power of Commissioner to grant immunity from penalty.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... for settlement under section 245C and the proceedings for settlement have abated under section 245HA; 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 fit to impose, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ement, concealed any particulars material to the assessment from the income-tax authority or had given false evidence, and thereupon such person shall become liable to the imposition of any penalty under this Act to which such person would have been liable, had not such immunity been granted.". - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X