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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 ful .....

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tlement, from:- Prosecution for any offence under Income-tax Act. Prosecution for any offence under Wealth tax Act. Either wholly or in part from the imposition of penalty under Income-tax Act, with respect to the case covered by the settlement. Prov .....

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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, .....

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t passed under section 245D(4) within the time specified in the order or within such further time which Settlement Commission has allowed The assessee fails to comply with the conditions subject to which immunity was granted and thereupon the provisi .....

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ence with respect to which the immunity was granted or for any other offence of which he appears to have been guilty in connection with the settlement and shall also become liable to the imposition of any penalty under this Act to which such person w .....

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