9911796707
TMI BlogSubstitution of new sections for sections 18 and 18AX X X X Extracts X X X X X X X X Extracts X X X X ..... (1) If the Assessing Officer, in the course of any proceedings under this Act, is satisfied that any person has failed to comply with the notice under sub-section (2) or sub-section (4) of section 16, the Assessing Officer may, by order in writing, direct that such person shall pay, by way of penalty, a sum which shall not be less than one thousand rupees but which may extend to twenty-five thous ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the course of which action for the imposition of penalty has been initiated, are completed, or six months from the end of the month in which action for imposition of penalty is initiated, whichever period expires later. Explanation .- In computing the period of limitation for the purposes of this section,- (i) any period during which the immunity granted under section 22H remained. in force; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... summons is issued under sub-section (1) of section 37 either to attend to give evidence or produce books of account or other documents at a certain place and time, omits to attend or produce the books of account or documents at the place and time, he shall pay, by way of penalty, a sum which shall not be less than five hundred rupees but which may extend to ten thousand rupees for each such def ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch such penalty is imposable occurs in the course of any proceeding before a wealth-tax authority not lower in rank than a Deputy Director or a Deputy Commissioner, by such wealth-tax authority; (b) in any other case, by the Deputy Director or the Deputy Commissioner. (4) No order under this section shall be passed by any wealth- tax authority referred to in sub-section (3) unless the person o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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