Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases
Section 205 of the Finance Act, 2016 deals with immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases. Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases. The Act was enacted on 27 Jun 2016.
Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases.
205. The designated authority shall, subject to the conditions provided in section 204, grant—
(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 202; or (ii) tax arrear covered in the declaration to the extent the penalty exceeds the amount of penalty referred to in sub-clause (b) of clause (I) of section 202;
(c) waiver of interest under the Income-tax Act or the Wealth-tax Act, as the case may be, in respect of,— Section 205, The Finance Act, 2016.
(i) specified tax covered in the declaration under section 202; (ii) tax arrear covered in the declaration to the extent the interest exceeds the amount of interest referred to in sub-clause (a) of clause (I) of section 202.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 1
Questions about Section 205
What does Section 205 of the Finance Act deal with?
Section 205 of the Finance Act is headed "Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases". Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases.
How do I find court cases under Section 205 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2016 205, section 205 Finance Act 2016, section 205 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 205 of the Finance Act, and has it changed?
Its own text turns on section 202 (Declaration of tax payable), section 204 (Time and manner of payment), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 205 of the Finance Act enacted?
Section 205 of the Finance Act, cited as Finance Act 2016 205, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
Other sections of this Act
- Fourth Schedule. Fourth Schedule21791 words
- Eighth Schedule. Eighth Schedule19903 words
- First Schedule. First Schedule8145 words
- 2. Income-tax3742 words
- 222. Insertion of new Chapter III F2100 words
- 70. Substitution of new section for section 1531931 words
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