Failure to afford inspection of books during search now carries a revised, lesser punishment structure. Section 474 of the Income-tax Act is amended to retitle the offence as failure to afford facility for inspection of books of account during search. The punishment provision is also substituted, replacing the earlier imprisonment and fine language with simple imprisonment for up to six months, or fine, or both. The amendment alters the existing offence provision by changing both its marginal heading and its penalty structure.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Failure to afford inspection of books during search now carries a revised, lesser punishment structure.
Section 474 of the Income-tax Act is amended to retitle the offence as failure to afford facility for inspection of books of account during search. The punishment provision is also substituted, replacing the earlier imprisonment and fine language with simple imprisonment for up to six months, or fine, or both. The amendment alters the existing offence provision by changing both its marginal heading and its penalty structure.
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