eCourtsIndia
IndiaCode Laws
Section56
The Finance Act, 1997

Substitution of new section for section 276B

In force As on 07 Oct 2026

Ministry Finance

Section 56 of the Finance Act, 1997 deals with substitution of new section for section 276B. Substitution of new section for section 276B.

Substitution of new section for section 276B.

56. For section 276B of the Income-tax Act, the following section shall be substituted with effect from the 1st day of June, 1997, namely :—

"276B. Failure to pay tax to the credit of Central Government under Chapter XXII-B or XVII-B.—If a person fails to pay to the credit of the Central Government,—

(a) the tax deducted at source by him as required by or under the provisions of Chapter XVII-B; or

(b) the tax payable by him, as required by or under,—

(i) sub-section (2) of section 115-O; or

(ii) second proviso to section 194B,

he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years and with fine.".

© Copyright. Taxmann Publications Pvt. Ltd.

Section 56, The Finance Act, 1997.

Questions about Section 56

What does Section 56 of the Finance Act deal with?

Section 56 of the Finance Act is headed "Substitution of new section for section 276B". Substitution of new section for section 276B.

How do I find court cases under Section 56 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 1997 56, section 56 Finance Act 1997, section 56 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 1997. 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

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.