Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases

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..... ant- (a) immunity from instituting any proceedings in respect of an offence under the Income-tax Act or the Wealth-tax Act, as the case may be; or, (b) immunity from imposition or waiver, as the case may be, of penalty under the Income-tax Act or the Wealth-tax Act, as the case may be, in respect of,- (i) specified tax covered in the declaration under section 199; or (ii) tax arrear covere .....

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..... Chapter, inter alia, provides-- (a) the definition of certain expressions relating to "declarant", "designated authority", "disputed income", "disputed tax", "disputed wealth", "specified tax" and "tax arrear"; (b) the proviso relating to the declaration of tax payable under this Scheme by the declarant; (c) the provisions relating to the particulars to be furnished in the form of declaration .....

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