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of <h1>Section 39: Competition Act 2002 allows penalty recovery as tax, involving Tax Recovery Commissioner and Competition Appellate Tribunal.</h1> Section 39 of the Competition Act, 2002, outlines the procedure for executing orders imposing monetary penalties. If an individual fails to pay a penalty, the Commission can recover it as specified by regulations. The Commission may refer the recovery to the income-tax authority, treating the penalty as tax due under the Income-tax Act, 1961. The person penalized is deemed an assessee in default, and relevant sections of the Income-tax Act apply. The Tax Recovery Commissioner and Officer handle recovery, and appeals are directed to the Competition Appellate Tribunal. This section was amended by the Competition (Amendment) Act, 2007.
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