Amendment status not verified — confirm the current text below against the official source.
(1) Subject ~o aucb condition1 a1 maybe prescribed, of otfHce1. the preacribed authoritJ may, either before or aftc_r inatitulion of criminal proceeding• uder this Act •cccpt from tJae person who baa , committed or la reasonably suspected of having comQJitted an offence under this Act or the rules made thero- uadcr, b7 way -.9f composition of such offence- .. (a) where the offence -eousiats or evaden or attempted ,evaJlon of tax, in addition to"the ; tax, a 1um •f -money n.ot exc1edin1 double ~e ameunt of the tax ; and (b} in any other CISO a sum Of money not· 8XCOC!dint one thousand rupee• in addition te t•e tax. (2 1 Oo paym.ent of the sum as may . be determined by tho prescribed authority undc1 aub-1ectio11 (1). no mth1r proceedin11s shall be taken against the per1oa · concerned ·ta respect of tbe same _, of.fence. Taxing and · : other autho..