Bare ActsExcess Profits Tax Act, 1940

Section 25

Institution of Proceedings and composition of offences.--

Amendment status not verified — confirm the current text below against the official source.

(1) A person shall not be proceeded against for an offence under section 23 or section 24 except at the instance of the Inspecting Assistant Commissioner. (2) No prosecution for an offence punishable under section 23 or section 24 or under the Indian Penal Code (XLV of 1860) shall be instituted in respect of the same facts as those in respect of which a penalty has been imposed under this Act. (3) The Inspecting Assistant Commissioner may, either before or after the institution of proceedings, compound any offence punishable under section 23 or section 24.

Section 25 – Excess Profits Tax Act, 1940 | DailyLaw.ai