Section 166 of the Finance Act, 2003- Incorporation of provisions relating to Prosecution in the Finance Act, 1989 in respect of Inland Air Travel Tax – Reg

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..... Subject: Section 166 of the Finance Act, 2003- Incorporation of provisions relating to Prosecution in the Finance Act, 1989 in respect of Inland Air Travel Tax - Reg I am directed to invite your attention to section 166 of the Finance Act, 2003, wherein sections 46 B and 46 C have been inserted in the Finance Act, 1989 relating to Inland Air Travel Tax. The sections inserted are as under :- .....

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..... to any punishment provided in the said section, if he proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence. (2) Notwithstanding anything contained in sub-section (1), where an offence under section 46B has been committed by a company and it is proved that the offence has been committed with the consent an .....

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..... ke action against the defaulting airlines, which fail to deposit the Inland Air Travel Tax to the account of Central Government in spite of having collected the same from the passengers. 3. It may be noted that these provisions can be invoked only for offences committed after 14-5-2003. 4. Wide publicity may be given by issue of a Public Notice in this regard. 5. Kindly acknowledge recei .....

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