Insertion of Section 17 A

After Section 17 of the Principal Act, the following section shall be inserted, namely "17 A Composition of offences:-(1) The Taxation Authority may, either before or after the institution of proceedings for any offence punishable under Section 17, compound such offences by way of composition thereof at the rate as state government may by notification specify in this behalf. (2) On payment by the defaulter such sum as may be determined by the Taxation Authority under sub-section (1), no further action shall be taken against him and if any proceedings in respect of such unlawful act has already been instituted against him in any court such payment shall have the effect of the exoneration or discharge."