Amendment status not verified — confirm the current text below against the official source.
Compounding of Offences - (l) The prescribed authority may, either before or after the institution of proceedings of any offence punishable under Section 27 or under any rules made under this Acl, accept from any person charged with such offence by way of composition of the offence charged under sub-Sections (1), (2), (3), (4), (5), (6), (7), (8) and (9) of Section 27 not exceeding double the amount of tax or rupees twenty five thousand, whichever is lower, which would have been payable on the amount of ta,'( to which the offence relates. (J 0) No court shall take cognizance of any offence under this part or the rules made thereunder, except with the previous sanction of the Commissioner, and no court inferior to that of a Magistrate of the 1st Class shall try and such offence. (a) i\1 case where the amount involved exceeds fifty thousand rupees during the period of a year, with imprisonment for a term which shall not be less than six months, which may extend to three years or with fine not exceeding ten thousand rupees or both; (b) in any other case, with imprisonment for a term which shall not be less than three months, which may extend to one year or with fine or both; (6) Whoever aids or abets or induces any person in com.mission of any act specified in sub-sections (I) to (5) shall, on conviction, be punished with rigorous imprisonment which shall not be less than six months, which may extend lo one year or with fine not exceeding two thousand rupees or both; (7) Whoever fails, without sufficient cause, to furnish any return by the date and in the manner prescribed under this Act shall on conviction, be punished with simple imprisonment for a term. which may extend to six months or with a fine, which shall not be less than rupees ten thousand, (8) Notwithstanding anything contained in sub-sections(]) to (7), no person shall be proceeded against these sub-sections for the acts referred to therein if the total amount of ta'( evaded or attempted to be evaded is less than five thousand rupees during the period of a year. (9) Where an assessee is accused of an offence specified in sub-sections (I) to (8) the person deemed to be the manager of the business of such assessee shall also be deemed to be guilty of such offence, unless he proves that the offence was committed without his knowledge or that be exercised all due diligence to prevent the commission thereof. (i) in case where tile amount of tax which could have been evaded, if the accounts, registers or documents or information referred to above bad been accepted as true, exceeds fifty thousand rupees during the period of a year. with imprisonment for a term which shall not be less than six months, which may extend 10 three years or with fine not exceeding five thousand rupees or both; (ii) in any other case, with rigorous imprisonment for a term which shall not be less than three months, which may extend to one year or with fine or both; (5) Whoever, - (i) willfully attempts, in any manner whatsoever, to evade any tux leviable under this Act, or (ii) willfully attempts, in any manner whatsoever, to evade any payment of any tax, penalty or interest or all of them under this Act or shall on conviction, be punished