Finance Act, 1994
|
Amendment of section 486 (power of Collector and authorised officers to sue) of Income Tax Act, 1967. |
162.—(1) Section 486 of the Income Tax Act, 1967 , is hereby amended by the substitution of the following subsections for subsections (1) and (2): | |
“(1) Where the amount due (whether before or after the passing of this Act) in respect of income tax does not exceed the amount which is the monetary limitation on the jurisdiction of the Circuit Court provided for in an action founded on quasi-contract at reference number 1 of the Third Schedule to the Courts (Supplemental Provisions) Act, 1961 , the Collector or other officer of the Revenue Commissioners, duly authorised to collect the said tax may sue in that officer's own name in the Circuit Court for the said amount so due as a debt due to the Minister for Finance. | ||
(2) Where the amount so due does not exceed the amount which is the monetary limitation on the jurisdiction of the District Court provided for in an action founded on contract by clause (i) of paragraph A of section 77 of the Courts of Justice Act, 1924 , the Collector or other officer of the Revenue Commissioners duly authorised to collect the said tax may sue in that officer's own name in the District Court for the said amount so due as a debt due to the Minister for Finance.”. | ||
(2) Subsection (1) shall be deemed to have come into force and shall take effect as on and from the 15th day of August, 1991. |