{"act":{"id":"finance-act-2006","short_title":"The Finance Act, 2006","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2006-2007.","act_number":null,"act_year":2006,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":66,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2006/"},"unit":"section","section":{"number":"54","heading":"Amendment of section 272BB","text":"Amendment of section 272BB. 54. In section 272BB of the Income-tax Act, with effect from the 1st day of June, 2006,— (i ) after sub-section (1), the following sub-section shall be inserted, namely:— ‘(1A) If a person who is required to quote his \"tax deduction account number\" or, as the case may be, \"tax collection account number\" or \"tax deduction and collection account number\" in the challans or certificates or statements or other documents referred to in sub-section (2) of section 203A, quotes a number which is false, and which he either knows or believes to be false or does not believe to be true, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of ten thousand rupees.’; (ii ) in sub-section (2), after the word, brackets and figure \"sub-section (1)\", the words, brackets, figure and letter \"or sub-section (1A)\" shall be inserted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 272BB.</b></p><p><b>54. </b>In section 272BB of the Income-tax Act, with effect from the 1st day of June, 2006,—</p><p>(<i>i</i> ) after sub-section (1), the following sub-section shall be inserted, namely:—</p><p>‘(1A) If a person who is required to quote his \"tax deduction account number\" or, as the case may be, \"tax collection account number\" or \"tax deduction and collection account number\" in the challans or certificates or statements or other documents referred to in sub-section (2) of section 203A, quotes a number which is false, and which he either knows or believes to be false or does not believe to be true, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of ten thousand rupees.’;</p><p>(<i>ii</i> ) in sub-section (2), after the word, brackets and figure \"sub-section (1)\", the words, brackets, figure and letter \"or sub-section (1A)\" shall be inserted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":156,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2006/section/54/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}