Section 35K:
Bar on prosecution and on inadmissibility of evidence in certain circumstances.
(1) A
person shall not be proceeded against for an offence under section 35A or section 35D in relation to the
assessment for 1
an assessment year in respect of which the penalty imposed or imposable on him under
clause (iii) of sub-section (1) of section 18 has been reduced or waived by an order under section 18B.
(2) Where any proceeding for prosecution has been taken against any person under this Act, any
statement made or account or other document produced by such person before 2
any Wealth-tax authority
(not being an Inspector of Income-tax) shall not be inadmissible as evidence for the purpose of such
proceedings merely on the ground that such statement was made or such account or other document was
produced in the belief that the penalty imposable would be reduced or waived under section 18B or that
the offence in respect of which such proceeding was taken would be compounded.
Notes:
1. Subs. by Act 12 of 1990, s. 57, for “the assessment year commencing on the 1st day of April, 1988, or any earlier assessment
year” (w.e.f. 1-4-1989). Earlier the quoted words were substituted by Act 4 of 1988, s. 152 (w.e.f. 1-4-1989).
2. Subs. by Act 4 of 1988, s. 152, for “any of the Wealth-tax authorities specified in sections 8, 9, 9A, 10, 10A, and 11”
(w.e.f. 1-4-1989).