Amendment status not verified — confirm the current text below against the official source.
Insertion ofa new Section 8Aafter Section 8 : A new section, namely, Section 8A shall be inserted as under: Section 8A (A) : Whoever infringes the provisions of Section 5,6 and 7 of this Act shall be liable to pay a penalty, not exceeding two times the amount oftax payable, but in no case less than half the amount of tax payable. Section 8A (2) : No action shall be taken under sub-section (1) ibid unless opportunity of being heard is given.