Section 166 of the Finance Act, 2003- Incorporation of provisions relating to Prosecution in the Finance Act, 1989 in respect of Inland Air Travel Tax – Reg

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....e Finance Act, 2003- Incorporation of provisions relating to Prosecution in the Finance Act, 1989 in respect of Inland Air Travel Tax - Reg I am directed to invite your attention to section 166 of the Finance Act, 2003, wherein sections 46 B and 46 C have been inserted in the Finance Act, 1989 relating to Inland Air Travel Tax. The sections inserted are as under :- " 46B. If any carrier fails t....

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....said section, if he proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence. (2) Notwithstanding anything contained in sub-section (1), where an offence under section 46B has been committed by a company and it is proved that the offence has been committed with the consent and connivance of, or is attributable....