Penalty provision amendment replaces rigorous imprisonment with simple imprisonment and fine under the income-tax offence section. The penalty provision in section 483 of the Income-tax Act is amended by substituting the punishment prescribed in sub-section (1). The earlier reference to rigorous imprisonment for a minimum term with fine is replaced with simple imprisonment for a term up to two years and with fine. The amendment alters the nature and maximum duration of imprisonment under the offence provision while retaining the imposition of fine.
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.
Penalty provision amendment replaces rigorous imprisonment with simple imprisonment and fine under the income-tax offence section.
The penalty provision in section 483 of the Income-tax Act is amended by substituting the punishment prescribed in sub-section (1). The earlier reference to rigorous imprisonment for a minimum term with fine is replaced with simple imprisonment for a term up to two years and with fine. The amendment alters the nature and maximum duration of imprisonment under the offence provision while retaining the imposition of fine.
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