Amendment status not verified — confirm the current text below against the official source.
(1) Subject to such conditions as may be prescribed, the Commissioner may, either before or after institution of criminal proceedings under this Act, accept from the person who has committed or reasonably suspected of having committed an offence under this Act or the Rules made thereunder and which is punishable under section 18 of this Act, by way of composition of such offence a sum of Rs. 5,0001- or double the amount of the tax recoverable, whichever is greater in addition to the tax, if any, payable. (2) On payment of such sum as may be determined by the Commissioner under sub-section (I) no further proceeding shall be taken against the person in respect of the same offence. Bar of suits in Civil Courts and indemnity.