Amendment of section 7

Amendment of section 7.- In section 7 of the principal Act,-

1. (a) in clause
   • (ii) the words “free of charge” shall be omitted;
2. (b) after clause (ii), the following shall be inserted, namely:- “(iii) the amount received or recovered towards the arrears of tax or revenue due to government shall be adjusted first towards penalty, balance if any towards the outstanding interest on the tax or revenue. After such adjustment the balance amount be adjusted towards tax or revenue;”