Penalty for failure to deduct or pay equalisation levy.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the equalisation levy as required under section 166A; or] (b) having deducted the 3[equalisation levy referred to in sub-section (1) of section 165], fails to pay such levy to the credit of the Central Government in accordance with the provisions of sub-section (2) of that section, shall be liable to pay,- (i) in the case referred to in clause (a), in addition to paying the levy in accordanc....