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Income Tax - Highlights / Catch Notes

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HC set aside orders granting immunity from prosecution and ...


Immunity from prosecution revoked for incomplete disclosure of undisclosed income before Settlement Commission.

December 26, 2024

Case Laws     Income Tax     HC

HC set aside orders granting immunity from prosecution and penalty to Respondents u/s 245H(1) of IT Act. Assessee failed to make full and true disclosure of undisclosed income initially before Settlement Commission. Disclosure in instalments not permissible. Matter remanded to reconsider granting immunity. Review petition dismissed as no error apparent on record.

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