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Certain amendments in relation to penalties.
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10.—(1) Proceedings for the recovery of any fine or penalty incurred under the Income Tax Acts as amended by this Act in relation to or connection with the income tax or super-tax charged for the year beginning on the 6th day of April, 1922, or any subsequent year may be begun at any time within six years next after the date on which such fine or penalty was incurred.
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(2) Section 30 (which imposes penalties for fraudulent claims) of the Income Tax Act, 1918, shall be construed and have effect as if the words “five hundred pounds” were inserted in sub-section (2) thereof in lieu of the words “fifty pounds” now contained in that sub-section.
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(3) Section 107 (which imposes penalties for neglect to deliver lists, declarations, and statements) of the Income Tax Act, 1918, shall be construed and have effect as if the words “twenty pounds and treble the tax which he ought to be charged under this Act” were inserted in paragraph (b) of sub-section (1) thereof in lieu of the words “fifty pounds” now contained in that paragraph.
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(4) Section 132 (which imposes penalties for fraudulent conversion of property, etc.) of the Income Tax Act, 1918, shall be construed and have effect as if the words “five hundred pounds” were inserted in sub-section (2) thereof in lieu of the words “fifty pounds” now contained in that sub-section.
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(5) Subject and without prejudice to the provisions of sub-section (4) of section 7 and sub-section (2) of section 8 of the Income Tax Act, 1918, all the provisions of the Income Tax Acts imposing or otherwise relating to penalties for acts (whether of commission or omission) in relation to income tax shall apply to and operate to impose the like penalties for the corresponding acts in relation to super-tax.
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