(Last Updated On: April 22, 2018)

Section 154 of Finance Act 2018

[Section 154 of Finance Act 2018 deals with Amendment of section 23J and is covered in CHAPTER VIII MISCELLANEOUS]

Amendment of section 23J

154. In section 23J of the principal Act,—

(i)		for the marginal heading, the following marginal heading shall be substituted, namely:—
		“Factors to be taken into account while adjudging quantum of penalty.”;
(ii)		for the word, figures and letter “section 23-I” the words, figures and letters “section 12A or section 23-I” shall be substituted.
(iii)		for the words “the adjudicating officer”, the words “the Securities and Exchange Board of India or the adjudicating officer” shall be substituted.

Section 154 of Finance Act 2018 : Amendment of section 23J