48. Insertion of new section 204A in the principal enactment

The following new section is inserted immediately after section 204 of the principal enactment and shall have effect as section 204A of that enactment :-

204A. Any auditor or tax practitioner who in the discharge of his professional duty, deliberately misinterprets any provision of this

Act or regulation, rule or order made there under shall be guilty of an offence under this

Act and on conviction after summary trial before a Magistrate, be liable to a fine not

"Penal provision relating to mis-interpretation of provisions of the Act by auditors and tax practitioners.

exceeding rupees fifty thousand or to imprisonment of either description for a term not exceeding six months or to both such fine and imprisonment.”.