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

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..... t institute any proceeding in respect of an offence; or impose or levy any penalty; or charge any interest under the Income-tax Act in respect of tax arrear. - Clauses 88 to 99 of the Bill seek to insert a new Chapter to provide the Direct Tax Vivad se Vishwas Scheme, 2024. The Chapter, inter alia, provides (a) the definitions of certain expressions relating to appellant , appellant forum , declar .....

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..... rovisions relating to the power of the Central Board of Direct Taxes to issue directions; (j) the provisions relating to the power of the Central Government to remove difficulties in giving effect to the provisions of the said Scheme, 2024; and (k) the provisions relating to the power of the Central Government to make rules for carrying out the provisions of this Scheme. This Chapter will take eff .....

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