Clause 216 - Amendment of Act 22 of 2015.- Amendment of section 46.- Amendment of section 55. - Finance Bill, 2018

PART XVIII AMENDMENTS TO THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015 216. Amendment of Act 22 of 2015. In the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, with effect from the 1st day of April, 2018, Amendment of section 46. ( a ) in section 46, in sub-section ( 4 ), ( i ) in the opening portion, after the words Joint Commissioner, , the words or the Joint Director shall be inserted; ( ii ) in clause ( b ), after the words Deputy Commissioner , the words or Assistant Director or Deputy Director shall be inserted; Amendment of section 55. ( b ) in section 55, ( i ) for the marginal heading, the following marginal heading shall be substituted, namely: Prosecution to be at instance of Principal Chief Commissioner or Principal Director General or Chief Commissioner or Director General or Principal Commissioner or Commissioner. ; ( ii ) in sub-section ( 2 ), after the words the Chief Commissioner , the words or the Principal Director General or the Director General shall be inserted.