Insertion of new section 272BB
Section 68 of the Finance Act, 1987 deals with insertion of new section 272BB. Insertion of new section 272BB 68. In the Income-tax Act, after section 272B, the following section shall be inserted with effect from the 1st day of June,1987, namely: — Penalty for failure to comply with the provisions of section 203A "272BB.
Insertion of new section 272BB
68. In the Income-tax Act, after section 272B, the following section shall be inserted with effect from the 1st day of June,1987, namely: —
Penalty for failure to comply with the provisions of section 203A
"272BB. (1)If a person fails to comply with the provisions of section 203A, he shall, on an order passed by the Income-tax Officer, pay, by way of penalty, a sum which may extend to five thousand rupees.
(2) No order under sub-section (1) shall be passed unless the person on whom the penalty is proposed to be imposed is given an opportunity of being heard in the matter.".
[Finance Act, 1987]
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Section 68, The Finance Act, 1987 (Act 11 of 1987).
Questions about Section 68
What does Section 68 of the Finance Act deal with?
Section 68 of the Finance Act is headed "Insertion of new section 272BB". Insertion of new section 272BB 68. In the Income-tax Act, after section 272B, the following section shall be inserted with effect from the 1st day of June,1987, namely: — Penalty for failure to comply with the provisions of section 203A "272BB.
How do I find court cases under Section 68 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 1987 68, section 68 Finance Act 1987, section 68 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was the Finance Act enacted?
Finance Act was enacted in 1987 as Act 11 of 1987. 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 Schedule6061 words
- 2. Income-tax1675 words
- 32. Amendment of section 80C1059 words
- 24. Insertion of new section 54G901 words
- 59. Insertion of new sections 245BA to 245BD752 words
- 79. Insertion of new sections 22BA to 22BD748 words
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