Finance Act, 1991

Application of certain provisions relating to penalties under Income Tax Act, 1967.

109.—(1) Sections 128 (4) , 507 , 508 , 510 , 511 , 512 , 517 and 518 of the Income Tax Act, 1967 , shall, with any necessary modifications, apply to a fine under—

(a) the Act of 1891, or

(b) any other enactment providing for fines in relation to stamp duty,

as if the fine were a penalty under the Income Tax Acts, and the provisions of section 22 of the Inland Revenue Regulation Act, 1890 , shall not apply in a case to which any of the said sections of the Income Tax Act, 1967 , apply by virtue of this section.

(2) This section shall have effect as respects instruments executed on or after the 1st day of November, 1991.