Section 69 - Amendment of section 35 - Finance Act, 1988

69. Amendment of section 35 In section 35 of the Gift-tax Act, for sub-sections (3) and (4), the following sub-sections shall be substituted with effect from the 1st day of April, 1989, namely :- (3) A person shall not be proceeded against for an offence under this Act except with the previous sanction of the Chief Commissioner or Director General or Commissioner : Provided that no such sanction shall be required if the prosecution is at the instance of the Commissioner (Appeals). (4) Any such offence may, either before or after the institution of proceedings, be compounded by - (a) the Board or a Chief Commissioner or a Director General authorised by the Board in this behalf, in a case where the prosecution would lie at the instance of the Commissioner (Appeals); (b) the Chief Commissioner or Director General or Commissioner, in any other case. .