DRC Power to reduce or waive penalty or immunity from prosecution or both [ Section 245MA(2) ]

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..... ons, as may be prescribed, shall have the following powers in case of a person whose dispute is resolved under this Chapter. to reduce or waive any penalty imposable under this Act or grant immunity from prosecution for any offence punishable under this Act in case of a person whose dispute is resolved under this Chapter. Accordingly, Rule 44DAC prescribes the following (i) Conditions for grant of .....

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..... nity would, however, be granted by the DRC in a case where the proceedings for the prosecution for an offence have been initiated before the receipt of the application of dispute resolution from the assessee fulfilling the specified conditions. - Specified condition explained in the the explanation (a) to section 245MA. (iv) Withdrawal of immunity An immunity granted to a a person would stand with .....

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