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

Income Tax - SETTLEMENT OF CASES - 04 - Settlement Commission, if it is satisfied that: Any person who made the application under section 245C has co-operated with it in proceedings before it and Has made a full and true disclosure of his income Subject to conditions as it may think fit to impose, grant immunity with respect to the case covered by Settlement, from:- Prosecution for any offence under Income-tax Act. Prosecution for any offence under Wealth tax Act. Imposition of penalty under Inc .....

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to Settlement Commission. Sub-section(1) of section 245h has been amended by the finance act, 2015 so as to that settlement Commission while granting immunity to any person shall record the reason in writing in the order passed by the settlement commission. An immunity granted by settlement commission shall be withdrawn by settlement commission if:- If such person fails to pay any sum specified in the order of settlement passed under section 245D(4) within the time specify in such order ( or wi .....

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