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TypeBare Act JurisdictionCentral Government

Finance Act 1965 Section 58

Insertion of New Section 276a

~1 min read
https://sooperkanoon.com/act/49615

Bare act section · Research

About this section

Finance Act 1965 Section 58 is part of Finance Act 1965 - Insertion of New Section 276a. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 276 of the Income tax Act, the following section shall be inserted, namely :

"276A. Failure to comply with the provisions of sub section (1) and (3) of section 178. If a person, without reasonable cause or excuse,

(i) fails to give the notice in accordance with sub section (1) of section 178; or

(ii) fails to set aside the amount as required by sub section (3) of that section; or

(iii) parts with any of the assets of the company or the properties in his hands in contravention of the provisions of the aforesaid sub section,

he shall be punishable with rigorous imprisonment for a term which may extend to two years :

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.".

Frequently asked questions

What does Finance Act 1965 Section 58 provide?

Section Section 58 of the Finance Act 1965 (Insertion of New Section 276a) is reproduced on this page as part of the Finance Act 1965. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act 1965 Section 58?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1965 Section 58. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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