Bare Act Search Results
Home Bare Acts Phrase: imposedIncome Tax Act, 1961 Chapter XXI
Title: Penalties Imposable
State: Central
Year: 1961
.....or fringe benefits] or the furnishing of inaccurate particulars of such 9[income or fringe benefits]. Explanation 1 : Where in respect of any facts material to the computation of the total income of any person under this Act, (A) such person fails to offer an explanation or offers an explanation which is found by the Assessing Officer or the 10[***] Commissioner (Appeals) 11[or the Commissioner] to be false, or (B) such person offers an explanation which he is not able to substantiate and fails to prove that such explanation is bona fide and that all the facts relating to the same and material to the computation of his total income have been disclosed by him, then, the amount added or disallowed in computing the total income of such person as a result thereof shall, for the purposes of clause (c) of this subsection be deemed to represent the income in respect of which particulars have been concealed. Explanation 2 : Where the source of any receipt, deposit, outgoing or investment in any assessment year is claimed by any person to be an amount which had been added in computing the income or deducted in computing the loss in the assessment of such person for any.....
View Complete Act List Judgments citing this sectionCustoms Tariff Act 1975 Section 8B
Title: Power of Central Government to Impose Safeguard Duty
State: Central
Year: 1975
.....cent. export-oriented undertaking", "free trade zone" and "special economic zone" shall have the meanings assigned to them in Explanation 2 to sub-section (1) of section 3 of Central Excise Act, 1944. (3) The duty chargeable under this section shall be in addition to any other duty imposed under this Act or under any other law for the time being in force. (4) The duty imposed under this section shall, unless revoked earlier, cease to have effect on the expiry of four years from the date of such imposition: Provided that if the Central Government is of the opinion that the domestic industry has taken measures to adjust to such injury or threat thereof and it is necessary that the safeguard duty should continue to be imposed, it may extend the period of such imposition: Provided further that in no case the safeguard duty shall continue to be imposed beyond a period of ten years from the date on which such duty was first imposed. 4[(4A) The provisions of the Customs Act, 1962 (52 of 1962) and the rules and regulations made thereunder, including those relating to the date for determination of rate of duty, assessment, non-levy, short levy, refunds, interest, appeals,.....
View Complete Act List Judgments citing this sectionNavy Act, 1957 Section 94
Title: Power of Central Government, Chief of the Naval Staff and Other Officers to Impose Forfeiture of Time or Seniority
State: Central
Year: 1957
.....of seniority in rank of not more than three months; (b) forfeiture of time for promotion of not more than three months; (c) severe reprimand or reprimand. (3) The commanding officer of a ship may subject to regulations made under this Act, impose the punishment of forfeiture of time or seniority of not more than three months on any subordinate officer. 2. Substituted for the word, brackets and figure "and (2)", by the Navy (Amdt.) Act, 1982 (48 of 1982), S. 5 (1 6-10-1982). 3. Inserted by the Navy (Amendment) Act, 1974 (53 of 1974), S. 16 (16-12-1974). 4. Substituted for the words "training ship", by the Navy (Amendment), Act 1982 (48 of 1982), Section 5 (16-10-1982).
View Complete Act List Judgments citing this sectionCustoms Tariff Act 1975 Section 8C
Title: Power of Central Government to Impose Transitional Product Specific Safeguard Duty on Imports from the Peoples Republic of China
State: Central
Year: 1975
.....undertaking", "free trade zone" and "special economic zone" shall have the meanings respectively assigned to them in Explanation 1 to sub-section (1) of section 3 of the Central Excise Act, 1944 (1 of 1944). (4) The duty chargeable under this section shall be in addition to any other duty imposed under this Act or under any other law for the time being in force. (5) The duty imposed under this section shall, unless revoked earlier, cease to have effect on the expiry of four years from the date of such imposition: Provided that if the Central Government is of the opinion that such article continues to be imported into India, from the People's Republic of China, in such increased quantities so as to cause or threatening to cause market disruption to domestic industry and the safeguard duty should continue to be imposed, it may extend the period of such imposition for a period not beyond the period often years from the date on which the safeguard duty was first imposed. 2[(5A) The provisions of the Customs Act, 1962 and the rules and regulations made thereunder, including those relating to the date for determination of rate of duty, assessment, non-levy, short.....
View Complete Act List Judgments citing this sectionCompetition Act, 2002 Section 46
Title: Power to Impose Lesser Penalty
State: Central
Year: 2002
.....is vital, impose upon such producer, seller, distributor, trader or service provider a lesser penalty as it may deem fit, than leviable under this Act or the rules or the regulations: 1[Provided that lesser penalty shall not be imposed by the Commission in cases where the report of investigation directed under section 26 has been received before making of such disclosure:] Provided further that lesser penalty shall be imposed by the Commission only in respect of a producer, seller, distributor, trader or service provider included in the cartel, who 2[has] made the full, true and vital disclosures under this section: 3[Provided also that lesser penalty shall not be imposed by the Commission if the person making the disclosure does not continue to cooperate with the Commission till the completion of the proceedings before the Commission.] Provided also that the Commission may, if it is satisfied that such producer, seller, distributor, trader or service provider included in the cartel had in the course of proceedings,-- (a) not complied with the condition on which the lesser penalty was imposed by the Commission; or (b) had given false evidence; or (c) the.....
View Complete Act List Judgments citing this sectionCompetition Act, 2002 Section 39
Title: Execution of Order of Commission Imposing Monetary Penalty
State: Central
Year: 2002
.....1.--Any reference to sub-section (2) or sub-section (6) of section 220 of the Income-tax Act, 1961(43 of 1961), in the said provisions of that Act or the rules made thereunder shall be construed as references to sections 43 to 45 of this Act. Explanation 2.--The Tax Recovery Commissioner and the Tax Recovery Officer referred to in the Income-tax Act, 1961(43 of 1961) shall be deemed to be the Tax Recovery Commissioner and the Tax Recovery Officer for the purposes of recovery of sums imposed by way of penalty under this Act and reference made by the Commission under sub-section (2) would amount to drawing of a certificate by the Tax Recovery Officer as far as demand relating to penalty under this Act. Explanation 3.-- Any reference to appeal in Chapter XVIID and the Second Schedule to the Income-tax Act, 1961(43 of 1961), shall be construed as a reference to appeal before the Competition Appellate Tribunal under section 53B of this Act.] _________________________________________ 1. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. Prior to substitution it read as: "39. Execution of orders of Commission.-- Every order passed by the.....
View Complete Act List Judgments citing this sectionProtection of Civil Rights Act, 1955 Section 10A
Title: Power of State Government to Impose Collective Fine
State: Central
Year: 1955
.....in sub-section (3), the State Government mayexempt the victims of any offence punishable under this Act or any person whodoes not, in its opinion, fall within the category of persons specified insub-section (1) from the liability to pay the collective fine imposed undersub-section (1) or any portion thereof. (5)The portion of collective fine payable by any person (including a Hinduundivided family) may be recovered in the manner provided by the Code ofCriminal Procedure, 1973 (2 of 1974), for the recovery of fines imposed by aCourt as if such portion were a fine imposed by a Magistrate.] ________________________ 1.Inserted by Act 106 of 1976, section 13 (w.e.f. 19-11-1976).
View Complete Act List Judgments citing this sectionIndian Easements Act, 1882 Section 8
Title: Who May Impose Easements
State: Central
Year: 1882
An easement may be imposed by any one in the circumstances, and to the extent, in and to which he may transfer his interest in the heritage on which the liability is to be imposed. Illustrations (a) A is tenant of B's land under a lease for an unexpired term of twenty years, and has power to transfer his interest under the lease. A may impose an easement on the land to continue during the lime that the lease exists or for any shorter period. (b) A is tenant for his life of certain land with remainder to B absolutely. A cannot, unless with B's consent, impose an easement thereon which will continue after the determination of his life interest. (c) A B and C are co-owners of certain land. A cannot, without the consent of B and C, impose an easement on the land or on any part thereof. (d) A and B are lessees of the same lessor. A of a field X for a term of five years, and B of a field Y for a term of ten years. A's interest under his lease is transferable; B's is not. A may impose on X in favour of B, a right of way terminable with A's lease.
View Complete Act List Judgments citing this sectionReserve Bank of India Act, 1934 (2 of 1934) Section 58G
Title: Power of Bank to Impose Fine
State: Central
Year: 1934
.....not exceeding five thousand rupees; or (b) where the contravention or default is under sub-section (4A) or clause (a) or clause (aa) of sub-section (5) of section 58B, a penalty of five lakh rupees or twice the amount involved in such contravention or default, where the amount is quantifiable, whichever is more; and where such contravention or default is a continuing one, further penalty which may extend to twenty-five thousand rupees for every day, after the first, during which the contravention or default continues. (2) For the purpose of imposing penalty under sub-section (1), the Bank shall serve a notice on the non-banking financial company requiring it to show cause why the amount specified in the notice should not be imposed as a penalty and a reasonable opportunity of being heard shall also be given to such non-banking financial company. (3) Any penalty imposed by the Bank under this section shall be payable within a period of thirty days from the date on which notice issued by the Bank demanding payment of the sum is served on the non-banking financial company and, in the event of failure of the non-banking financial company to pay the sum within such.....
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 275
Title: Bar of Limitation for Imposing Penalties
State: Central
Year: 1961
.....: 3[Provided that in a case where the relevant assessment or other order is the subject-matter of an appeal to the Commissioner (Appeals) under section 246 or section 246A, and the Commissioner (Appeals) passes the order on or after the 1st day of June, 2003 disposing of such appeal, an order imposing penalty shall be passed before the expiry of the financial year in which the proceedings, in the course of which action for imposition of penalty has been initiated, are completed, or within one year from the end of the financial year in which the order of the Commissioner (Appeals) is received by the Chief Commissioner or Commissioner, whichever is later;] (b) in a case where the relevant assessment or other order is the subject-matter of revision under section 263 3[or section 264], after the expiry of six months from the end of the month in which such order of revision is passe; (c) in any other case, after the expiry of the financial year in which the proceedings, in the course of which action for the imposition of penalty has been initiated, are completed, or six months from the end of the month in which action for imposition of penalty is initiated, whichever period.....
View Complete Act List Judgments citing this section- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial