Total waiver of certain amounts

Total waiver of certain amounts.—Notwithstanding anything contained in the relevant Act or this scheme, when the certificate of settlement has been issued in respect of all tax or taxes/surcharge pertaining to a year under a relevant Act or no tax or taxes/surcharge remains to be settled in a year, all the penalties imposed under such relevant Act pertaining to such year, other than the penalty referred to in the proviso to clause

1. (a) of sub-section

1. (1) of section 8, shall be deemed to be settled under this scheme.