Amendment of section 279
107. In section 279 of the Income-tax Act, in sub-section (1A), after the words “or imposable on him under”, the words, figures and letter “section 270A or” shall be inserted with effect from the 1st day of April, 2017.
Notes on Clauses:
Clause 107 of the Bill seeks to amend section 279 of the Income tax Act relating to prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner.
Sub-section (1A) of the aforesaid section provides that prosecution proceeding shall not be proceeded against a person for offences under section 276C or section 277 in respect of whom penalty under clause (iii) of sub-section (1) of section 271 has been reduced or waived under section 273A.
It is proposed to amend the said sub-section so as to provide that the prosecution proceeding shall not be proceeded against a person for offences under section 276C or section 277 in respect of whom penalty under section 270A has also been reduced or waived under section 273A.
This amendment will take effect from 1st April, 2017 and will, accordingly, apply in relation to the assessment year 2017-2018 and subsequent years.
