# The Finance Act, 2002, Section 107: Insertion of new section 275B

- Act: The Finance Act, 2002
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2002/section/107/

## Text

Insertion of new section 275B. 107. After section 275A of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 2002, namely:— "275B. Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132.— If a person who is required to afford the authorised officer the necessary facility to inspect the books of account or other documents, as required under clause (iib) of sub-section (1) of section 132, fails to afford such facility to the authorised officer, he shall be punishable with rigorous imprisonment for a term which may extend to two years and shall also be liable to fine.". © Copyright. Taxmann Publications Pvt. Ltd.

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