Finance Act, 1963
|
Penalties for failure to make certain returns, etc. |
73.—(1) Where any person— | |
(a) has been required, by notice or precept given under or for the purposes of any of the provisions specified in the first or second column of the Third Schedule to this Act, to deliver any return, statement, declaration, list or other document, to furnish any particulars, to produce any document, or to make anything available for inspection, and he fails to comply with the notice or precept, or | ||
(b) fails to do any act, furnish any particulars or deliver any account in accordance with any of the provisions specified in the third column of that Schedule, | ||
he shall, subject to subsection (2) of this section and section 76 of this Act, be liable to a penalty of one hundred pounds and, if the failure continues after judgment has been given by the court before which proceedings for the penalty have been commenced, to a further penalty of ten pounds for each day on which the failure so continues. | ||
(2) Where the said notice was given under or for the purposes of any of the provisions specified in the first column of the said Schedule and the failure continues after the end of the year of assessment following that during which the notice was given, the first of the penalties mentioned in subsection (1) of this section shall be two hundred and fifty pounds. | ||
(3) The preceding provisions of this section shall have effect subject to the proviso to subsection (4) of section 100 and the proviso to subsection (1) of section 105 of the Income Tax Act, 1918. |