Home Acts & Rules Bill Bills Direct Taxes Code Bill, 2009 Chapters List Chapter XIII PROSECUTION This
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Clause 233 - Failure to comply with the provisions of sub-sections (1) and (3) of section 218 - Direct Taxes Code Bill, 2009Extract Failure to comply with the provisions of sub-sections (1) and (3) of section 218 233. (1) A person shall be punishable with rigorous imprisonment for a term which may extend to two years and with fine, if such person - (a) fails to give the information as required by sub-section (1) of section 218; (b) fails to set aside the amount as required by sub-section (3) of that section; or (c) parts with any of the assets of the company, or the properties, in his custordy in contravention of the provisions of the aforesaid sub-section. (2) The fine referred to in sub-section (1) shall not be less than fifty thousand rupees or more than five lakh rupees.
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