Insertion of new section 276AB

In force Act 23 of 1986 As on 19 Oct 2026

Act 23 of 1986 Ministry Finance Cited by 2 provisions

Section 36 of the Finance Act, 1986 deals with insertion of new section 276AB. Insertion of new section 276AB. 36. In the Income-tax Act, after section 276A,the following section shall be inserted, namely:— Failure comply with the provisions of sections 269UC, 289UE and 269UL.

Insertion of new section 276AB.
36. In the Income-tax Act, after section 276A,the following section shall be inserted, namely:—
Failure comply with the provisions of sections 269UC, 289UE and 269UL.
"276AB. Whoever, without reasonable cause or excuse, fails to comply with the provisions of section 269UC or, fails to surrender or deliver possession of the property under sub-section (2) of section 269UE or contravenes the provisions of sub-section (2) of section 269UL shall be punishable with rigorous imprisonment for a term which may extend to two year's and shall also be liable to fine:
Provided that in the absence of special and adequate reasons to the contrary to be recorded in the judgment of the court, such imprisonment shall not be for less than six months.".
[Finance Act, 1986]
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Section 36, The Finance Act, 1986 (Act 23 of 1986).

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Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 2

Questions about Section 36

What does Section 36 of the Finance Act deal with?

Section 36 of the Finance Act is headed "Insertion of new section 276AB". Insertion of new section 276AB. 36. In the Income-tax Act, after section 276A,the following section shall be inserted, namely:— Failure comply with the provisions of sections 269UC, 289UE and 269UL.

How do I find court cases under Section 36 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1986 36, section 36 Finance Act 1986, section 36 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 36 of the Finance Act, and has it changed?

2 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1986 as Act 23 of 1986. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

First Schedule. First Schedule6118 words
34. Insertion of new Chapter XXC4226 words
2. Income-tax1794 words
8. Insertion of new section 32AB1467 words
5. Amendment of section 2538 words
40. Amendment of Act 27 of 1957366 words

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