{"act":{"id":"finance-act-2019-no-2","short_title":"The Finance Act, 2019 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2019-2020.","act_number":null,"act_year":2019,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":217,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/"},"unit":"section","section":{"number":"179","heading":"Insertion of new sections 54A and 54B","text":"Insertion of new sections 54A and 54B 179. In the principal Act, after section 54, the following sections shall be inserted with effect from the 1st day of September, 2019, namely:— \"54A. Penalty for failure to comply with notices or furnish information.—(1) Any person who fails to,— (i) | comply with summons issued under sub-section (1) of section 19; or (ii) | furnish information as required under section 21, shall be liable to pay penalty of twenty-five thousand rupees for each such failure. (2) The penalty under sub-section (1) shall be imposed by the authority who had issued the summons or called for the information. (3) No order under sub-section (2) shall be passed by the authority unless the person on whom the penalty is to be imposed has been given an opportunity of being heard: Provided that no penalty shall be imposed if, such person proves that there were good and sufficient reasons which prevented him from complying with the summons or furnishing information. 54B. Proof of entries in records or documents.—The entries in the records or other documents in the custody of an authority shall be admitted in evidence in any proceedings for the prosecution of any person for an offence under section 3 or this Chapter, as the case may be, and all such entries may be proved either by— (i) | the production of the records or other documents in the custody of the authority containing such entries; or (ii) | the production of a copy of the entries certified by the authority having custody of the records or other documents under its signature stating that it is a true copy of the original entries and that such original entries are contained in the records or other documents in its custody.\".","html":"<p><b><b>Insertion of new sections 54A and 54B</b></b></p><p><b><b>179</b>.</b> In the principal Act, after section 54, the following sections shall be inserted with effect from the 1st day of September, 2019, namely:—</p><p>\"54A. <i>Penalty for failure to comply with notices or furnish information</i>.—(1) Any person who fails to,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>comply with summons issued under sub-section (1) of section 19; or</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>furnish information as required under section 21,</td></tr></table></div><p>shall be liable to pay penalty of twenty-five thousand rupees for each such failure.</p><p><span class=\"num\">(2)</span> The penalty under sub-section (1) shall be imposed by the authority who had issued the summons or called for the information.</p><p><span class=\"num\">(3)</span> No order under sub-section (2) shall be passed by the authority unless the person on whom the penalty is to be imposed has been given an opportunity of being heard:</p><p><b>Provided</b> that no penalty shall be imposed if, such person proves that there were good and sufficient reasons which prevented him from complying with the summons or furnishing information.</p><p>54B. <i>Proof of entries in records or documents</i>.—The entries in the records or other documents in the custody of an authority shall be admitted in evidence in any proceedings for the prosecution of any person for an offence under section 3 or this Chapter, as the case may be, and all such entries may be proved either by—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>the production of the records or other documents in the custody of the authority containing such entries; or</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>the production of a copy of the entries certified by the authority having custody of the records or other documents under its signature stating that it is a true copy of the original entries and that such original entries are contained in the records or other documents in its custody.\".</td></tr></table></div>","words":295,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/179/","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."}