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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Gift-Tax Act Amendments: Sections 35A-C Target Offences by Companies, Families; Exemptions for Minors Only</h1> The amendments to the Gift-Tax Act, 1958, introduce sections 35A, 35B, and 35C. Section 35A addresses offences by companies, holding individuals in charge accountable unless they prove lack of knowledge or due diligence. It also implicates directors or officers if their consent, connivance, or neglect contributed to the offence. Section 35B pertains to offences by Hindu undivided families, making the Karta responsible unless proven otherwise, and includes other members if neglect or consent is involved. Section 35C states that provisions of the Code of Criminal Procedure and the Probation of Offenders Act do not apply to offenders under this Act unless under eighteen.
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