Penalty for failure to answer questions, sign statements, furnish information, allow inspection, etc.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nt, refuses to answer any question put to him by a wealth-tax authority in the exercise of his powers under this Act ; or (b) refuses to sign any statement made by him in the course of any proceedings under this Act, which a wealth-tax authority may legally require him to sign ; or (c) to whom a summons is issued under sub-section (1) of section 37 either to attend to give evidence or produce .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Provided that no penalty shall be imposable under this sub-section if the person proves that there was reasonable cause for the said failure. (3) Any penalty imposable under sub-section (1) or sub-section (2) shall be imposed-- (a) in a case where the contravention, failure or default in respect of which such penalty is imposable occurs in the course of any proceeding before a wealth-tax autho .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... in sub-section (1) of section 37.] -------------------------- Notes:- 1. First restored to its original version, i.e., prior to its substitution by the Direct Tax Laws (Amendment) Act, 1987, and then substituted by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989. Prior to its substitution, section 18A, as inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976 and later .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... er or a Commissioner (Appeals) or a Chief Commissioner or Commissioner may legally require him to sign, he shall pay, by way of penalty, a sum which may extend to one thousand rupees. (2) If a person fails to furnish in due time such statement or information which such person is bound to furnish to the Assessing Officer under section 38, he shall pay, by way of penalty, a sum which may extend to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ty is proposed to be imposed is given an opportunity of being heard in the matter by such officer." 2. Substituted vide the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. Before it was read as:- "Deputy" 3. Substituted vide the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. Before it was read as:- "Deputy" 4. Substituted vide the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. Before it was read as:- .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X