Section 275B of Income Tax Act for AY 2023-24

Section 275B of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules, 1962. Failure to comply with section 132(1)(iib).

Amended and updated notes on section 275B of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132.

Chapter XXII (Sections 275A to 280D) of the Income Tax Act 1961 deals with the provisions related to offences and prosecutions. Section 275B of IT Act 1961 provides for Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132.

Recently, we have discussed in detail section 275A (Contravention of order made under sub-section (3) of section 132) of IT Act 1961. Today, we learn the provisions of section 275B of Income-tax Act 1961. The amended provision of section 275B is effective for financial year 2022-23 relevant to the assessment year 2023-24.

In this article, you will learn detail of the provisions of section 275B of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.

Section-275B: Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132

If a person who is required to afford the authorised officer the necessary facility to inspect the books of account or other documents, as required under clause (iib) of sub-section (1) of section 132, fails to afford such facility to the authorised officer, he shall be punishable with rigorous imprisonment for a term which may extend to two years and shall also be liable to fine.


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