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SECTION 245H - GRANT OF IMMUNITY FROM PROSECUTION BY SETTLEMENT COMMISSION

Income Tax - SETTLEMENT OF CASES - 04 - (1) The Settlement Commission may, if it is satisfied that any person who made the applivation for settlement u/s 245C has: co-operated with the settlement commission in proceedings before it and Has made a full and true disclosure of his income and the manner in which such iincome is derived, grant to such person, subject to conditions as it may think fit to impose, for the reasons to be recorded in writing immunity with respect to the case covered by Set .....

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osecution under any law if application is made on or after 1-6-2007:- The Settlement Commission shall not grant immunity from prosecution for any offence under the Indian Penal Code or under any Central Act other than this Act and the Wealth-tax Act, 1957 to a person who makes an application under section 245C on or after 1-6-2007. (2) An immunity granted by Settlement Commission shall be withdrawn by Settlement Commission if: The assessee fails to pay the sum specified in the order of Settlemen .....

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