Substitution of new sections for sections 17 and 17A (Omitted)

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....-1989 before it was read as,  "174. Substitution of new sections for sections 17 and 17A. For sections 17 and 17A of the Gift-tax Act, the following sections shall be substituted, namely :- '17. Penalty for failure to comply with notices. (1) If the Assessing Officer, in the course of any proceedings under this Act, is satisfied that any person has....

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....proval of the Deputy Commissioner. (2) No order shall be made under sub-section (1) unless the person concerned has been heard or has been given a reasonable opportunity of being heard. (3) No order imposing a penalty under sub-section (1) shall be passed after the expiry of the financial year in which the proceedings, in the course of which action for the imposition of penalty h....

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....sment, refuses to answer any question put to him by a gift-tax authority in the exercise of his powers under this Act; or (b) refuses to sign any statement made by him in the course of any proceedings under this Act, which a gift-tax authority may legally require him to sign; or (c) to whom a summons is issued under sub-section (1) of section 36, either to attend to give evidence....

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....h the failure continues: Provided that no penalty shall be imposable under this sub-section if the person proves that there was reasonable cause for the. said failure. (3) Any penalty imposable under sub-section (1) or sub- section (2) shall be imposed- (a) in a case where the contravention, failure or default in respect of which such penalty is imposable occurs in the c....