Amendment status not verified — confirm the current text below against the official source.
(1) The prescribed officer may accept from any person who has committed, or is reasonably suspected of having committed any offence against this Act consisting of the evasion of any tax leviable under this Act, a sum of money not exceeding two hundred and fifty rupees or double the amount of the tax recoverable, whichever is greater, in addition to the amount of tax so recoverable. (2) No offence punishable under this Act shall be inquired into or tried by any Court inferior to that of a Magistrate of the Second Class.