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[1). |
The prescribed authority may accept, from any proprietor who has committed or is reasonably. suspected of having committed an offence under this Act, by way of composition of such offence,- |
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a). where the offence consists of the failure to pay or the evasion of any tax, recoverable under this Act, in addition to the tax so recoverable, a sum of money not exceeding two thousand rupees or double the amount of the tax recoverable, whichever is greater; and
b). in other cases a sum of money not exceeding two thousand rupees.] |
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1. Sub-section (1) was Subs. by Act No:28 of 1996 w.e.f.1.8.96. The earlier Section read as under:- |
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2). |
On payment of such sum as may be determined by the assessing authority under sub-section (1) no further proceedings shall be taken against the person in respect of the same offence. |
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3). |
Any order passed or proceeding recorded by the assessing authority under subsection (1) shall be final and no appeal or application for revision shall lie there-from. |