# The Finance Act, 2004, Section 65: Amendment of section 35HA of Act 27 of 1957

- Act: The Finance Act, 2004
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2004/section/65/

## Text

Wealth-tax Amendment of section 35HA of Act 27 of 1957. 65. In section 35HA of the Wealth-tax Act, 1957, after sub-sec­tion (2), the following sub-section shall be inserted with effect from the 1st day of October, 2004, namely:— "(3) Where an offence under this Act has been committed by a person, being a company and such offence is punishable with imprisonment and fine, then, without prejudice to the provisions contained in sub-section (1) or sub-section (2), such company shall be punished with fine and every person, referred to in sub-section (1) or the director, manager, secretary or other officer of the company referred to in sub-section (2), shall be liable to be proceeded against and punished in accordance with the provi­sions of this Act.". ** | ** | ** © Copyright. Taxmann Publications Pvt. Ltd.

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