Alignment of the provisions relating to Offences and Prosecutions under Chapter XXII of the Act

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..... from 01.07.2002. Vide Finance Act, 2002, section 269UP was introduced providing that the provisions of the Chapter shall not apply to, or in relation to, the transfer of any immovable property effected on or after 01.07.2002. Consequently, prosecution provisions u/s 276AB are not relevant, as launching prosecution against offences committed more than twenty years ago, that is prior to 2002 would .....

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..... overnment under Chapter XII-D or XVII-B. Under this section, a person shall be punishable for failure to a) deduct the tax as required under the provisions of Chapter XVII-B which deals with deduction of tax at source, or b) to pay the tax, as required by or under (i) sub-section (2) of section 115-O or (ii) the second proviso to section 194B. Section 194B was amended vide Finance .....

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