Offences and penalties

(1) Under this Act- (i) violation of section 6, sub-section (1) and sub-section (2) of section 7, sub- section (1) of section 8, sub-section (1) and sub-section (2) of section 9, sub- section (2) of section 11, sub-section (1) and sub-section (2) of section 13, sub-section (2) of section 14, sub-section (1) of section 20; (ii) furnishing any incorrect information in a return under sub-section (1) of section 9; (iii) furnishing any incorrect information as required under section 13 and the rules made thereunder; (iv) refusing to comply with any direction given under section 22; (v) neglecting or refusing to furnish information required by section 29; (vi) knowingly producing incorrect accounts, registers or documents, or suppressing material information; (vii) obstructing any officer making inspection or search or seizure or taking other actions under section 22, shall constitute to be punishable offences. (2) Whoever commits any of the offence enumerated in sub-section (1) of this section shall, on conviction, be punished with fine not exceeding rupees ten thousand and when the offence is continuing one, with fine not exceeding rupees fifty per day during the period of continuance of the offence, and for subsequent commission of the same offence by the same person, on conviction, shall be punished with simple imprisonment which may extend to three months or with fine which may extend to fifteen thousand rupees or with both, and when the offence is continuing one, with fine not exceeding one hundred rupees during the period of continuance of the offence. (3) Any offence punishable under sub-section (1) shall be cognizable and bailable. (4) No court shall take cognizance of any offence under this Act or the rules made thereunder except with the previous sanction of the Commissioner and no court inferior to that of a Judicial Magistrate shall try such offence. (5) No prosecution for any offence enumerated here in before in this section shall be instituted in respect of the same facts for which a penalty has been imposed under this Act and no such penalty shall be imposed where a prosecution is instituted under this section.