Obviously, adding rules of inference that tell that us we can go from $\phi$ to $T(\ulcorner\phi\urcorner)$ and back, and $\neg\phi$ to $\neg T(\ulcorner\phi\urcorner)$ and back, would be too strong and lead to contradictions in well known ways.
Actually, that's not correct. According to a theorem of Friedman and Sheard these rules (denoted by them "$T$-intro", "$T$-elim", "$\neg T$-intro", and "$\neg T$-elim") can be consistently added to PA. (See part D of their main theorem.) [Edit: to clarify, this is in the context of Hilbert-style deduction. If these rules of inference were included in a natural deduction system then they could be converted to implications using $\to$-introduction, and then you would get the Tarski biconditionals and a liar paradox.]
I may add that I have formulated an extension $S$ of Peano arithmetic which is consistent, includes the capture scheme $\phi \to T(\ulcorner \phi\urcorner)$ for every sentence $\phi$, and for which $T(\ulcorner T(\ulcorner \cdots \ulcorner\phi\urcorner \cdots \urcorner)\urcorner)$ is not a theorem, for any false arithmetical sentence $\phi$. Thus if the release scheme "infer $\phi$ from $T(\ulcorner \phi\urcorner)$" were added it would still be consistent. Incidentally, this system has the remarkable property that it proves its own soundness and consistency in the sense that it proves the sentences $$(\forall n)({\rm Prov}_S(n) \to T(n))$$ and $$T(\ulcorner{\rm Con}(S)\urcorner).$$ See this paper or my book. (Note that my system uses intuitionistic logic, although it includes the law of excluded middle for every sentence of arithmetic.)