Recovery of penalty imposed under Competition act 2002 may make a reference to the concerned income-tax authority under the Income-tax Act, 1961 for the recovery of the penalty as tax due

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....N OF INDIA FORM V (See regulation 11) REFERENCE TO THE INCOME-TAX AUTHORITY [Under The Competition Act, 2002 (12 of 2003)] Case No. _________ To Tax Recovery Officer ______________________ ______________________ Subject: (Recovery of penalty as tax due under the Income-tax Act, 1961 (43 of 1961) - Reference under section 39(2) of the Compet....

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....he enterprise/ person on ______; Whereas the enterprise/ person has failed to pay the said penalty within stipulated time and therefore, deemed to be an enterprise/ a person in default; and  Whereas, the Commission, in terms of section 39(2) of the Act, is empowered to make a reference to the concerned Income-tax authority, for recovery of the penalty as 'tax due' under the Income-....