1. Short title, extent and commencement.- (1) This Act may be called the Iron Ore Mines 2*[, Manganese Ore Mines and Chrome Ore
Mines Labour Welfare] Fund Act, 1976.(2) It extends to the whole of India.
(3) It shall come INTO force on such date 3* as the Central
Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different States:
Provided that the Central Government may, by notification in the
Official Gazette, apply in the first instance the provisions of this
Act, only to iron ore mines, or only to manganese ore mines 4*[, or only to chrome ore mines], in a State with effect FROM such date as may be specified in the notification, and if that Government is satisfied that it is necessary or expedient so to do, it may extend this Act to all iron ore mines 2*[, manganese ore mines and chrome ore mines] in that State with effect FROM such date as may be specified in the notification published in the Official Gazette.
2.Definitions.
2. Definitions.- In this Act, unless the context otherwise requires,–
(a) “agent” and “owner” have the meanings respectively assigned to them in clauses (c) and (l ) of sub-section
(1) of section 2 of the Mines Act, 1952 (35 of 1952.)
5*[(aa) “chrome ore” includes ferro-chrome;]
(b) “contractor” has the meaning assigned to it in clause
(c) of sub-section (1) of section 2 of the Contract
Labour (Regulation and Abolition) Act, 1970 (37 of
1970)
(c) “factory” and “occupier” have the meanings respectively assigned to them in clauses (m) and (n) of section 2 of the Factories Act, 1948 (63 of 1948)
(d) “Fund” means the Iron Ore Mines 6*[, Manganese Ore Mines and Chrome Ore Mines Labour Welfare] Fund formed under section 3;
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1. Subs. by Act 45 of 1982, s. 2 (w.e.f. 1-7-1983).
2. Subs. by s. 3, ibid. (w.e.f. 1-7-1983).
3. 1-9-1978: Vide Notifin. No. G.S.R. 1042, dated 9-8-1978, Gazette of India, Pt. II, Sec. 3(i), p. 1901.4. Ins. by s. 3, ibid. (w.e.f. 1-7-1983).
5. Ins. by s. 4, ibid. (w.e.f. 1-7-1983).
6. Subs. by s. 4, ibid. (w.e.f. 1-7-1983).
572.(e) “manager” means the manager referred to in section 17 of the Mines Act, 1952 (35 of 1952)
(f) “manganese ore” includes ferrogenous manganese ore or ferro-manganese ore ;
(g) “metallurgical factory” means–
(i) a factory in which iron or steel or manganese
1*[or chrome] is being processed or manufactured ;
(ii) any other factory, being a factory in which iron ore or manganese ore 1*[or chrome ore] is used for any purpose which the Central Government may, by notification in the Official Gazette, declare to be a metallurgical factory for the purposes of this Act;
(h) a person is said to be employed in an iron ore mine or manganese ore mine 1*[or chrome ore mine],–
(1) if he is employed within the premises or in the vicinity of such mine by the owner, agent or manager of such mine or by a contractor or any other agency exclusively in any one or more of the following, namely:–
(i) any iron ore or manganese ore 1*[or chrome ore] mining operation;
(ii) the operation, servicing, maintenance or REPAIR of any machinery or any part thereof used in or about such mine;
(iii) the loading, unloading or despatch of iron ore or manganese ore 1*[or chrome ore] or any other material connected with the mining of iron ore or manganese ore;
(iv) any work in any office, canteen or creche situated within the precincts of such mine;
(v) any welfare, health, sanitary or conservancy services or any watch and ward duties at any place situated within such premises or vicinity, not being a place occupied by any residential building ; or
(2) if, in any such area as may be notified by the
Central Government in the Official Gazette in this behalf, he is employed by the owner, agent or manager of such mine or by a contractor or any other agency exclusively in the loading, unloading or despatch of iron ore or manganese ore 1*[or chrome ore] or any other material connected with the mining of iron ore or manganese ore 1*[or chrome ore] ;
(i) “prescribed” means prescribed by rules made under this
Act.
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1. Ins. by Act 45 of 1982, s. 4 (w.e.f. 1-7-1983).
573.3.Iron Ore Mines and Manganese Ore Mines Labour Welfare Fund.
3. Iron Ore Mines and Manganese Ore Mines Labour Welfare Fund.-
There shall be formed a Fund, to be called the Iron Ore Mines 1*[, Manganese Ore Mines and Chrome Ore Mines Labour Welfare] Fund, and there shall be credited thereto–
(a) an amount which the Central Government may, after due appropriation made by Parliament by law in this behalf, provide FROM and out of the proceeds of duty of customs and duty of excise credited under section 5 of the Iron
Ore Mines 1*[, Manganese Ore Mines and Chrome Ore Mines
Labour Welfare] Cess Act, 1976 (55 of 1976), after deducting therefrom, the cost of collection as determined by the Central Government under this Act;
(b) any income FROM investment of the amount credited under the Act referred to in clause (a) and any other moneys received by the Central Government for the purposes of this Act.
4.Application of Fund.
4. Application of Fund.- The Fund shall be applied by the Central
Government to meet the expenditure incurred in connection with the measures which, in the opinion of that Government, are necessary or expedient to promote the welfare of persons employed in the iron ore mines 2*[, manganese ore mines and chrome ore mines], and in particular–
(a) to defray the cost of measures for the benefit of persons employed in the iron ore mines or manganese ore mines 3*[or chrome ore mines] directed towards–
(i) the provision and improvement of public health and sanitation, the prevention of disease and the provision and improvement of medical facilities;
(ii) the provision and improvement of water supplies and facilities for washing;
(iii) the provision and improvement of educational facilities;
(iv) the provision and improvement of housing and recreational facilities including standards of living, nutrition and amelioration of social conditions;
(v) the provision of transport to and FROM the place of work;
4*[(vi) the provision of family welfare, including family planning education and services;]
(b) to grant loan or subsidy to a State Government, a local authority or the owner of an iron ore mine or of a manganese ore mine 3*[or of a chrome ore mine], in aid of any scheme approved by the Central Government for any purpose connected with the welfare of persons employed in iron ore mines or manganese ore mines 3*[or chrome ore mines] ;
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1. Subs. by Act 45 of 1982, s. 5 (w.e.f. 1-7-1983).
2. Subs. by s. 6, ibid. (w.e.f. 1-7-1983).
3. Ins. by s. 6, ibid. (w.e.f. 1-7-1983).
4. Ins. by Act 15 of 1987, s. 4.574.(c) to pay annually grants-in-aid to such of the owners of iron ore mines or manganese ore mines 1*[or chrome ore mines] who provide to the satisfaction of the Central
Government welfare measures of the prescribed standard for the benefit of persons employed in their mines, so, however, that the amount payable as grants-in-aid to such owners shall not exceed–
(i) the amount spent by them in the provision of welfare measures as determined by the Central
Government or any person specified by it in this behalf, or
(ii) such amount as may be prescribed,
whichever is less:
Provided that no grant-in-aid shall be payable in respect of any welfare measures provided by the owner of an iron ore mine or of a manganese ore mine 1*[or of a chrome ore mine] where the amount spent thereon determined as aforesaid is less than the amount prescribed in this behalf;
(d) to meet the allowances, if any, of the members of the
Advisory Committee and the Central Advisory Committee constituted under section 5 and section 6 respectively and the salaries and allowances, if any, of persons appointed under section 8;
(e) any other expenditure which the Central Government may direct to be defrayed FROM the Fund.
5.Advisory Committees.
5. Advisory Committees.- (1) The Central Government may,–
(a) constitute for each State which produces iron ore or manganese ore 2*[or chrome ore] an Advisory Committee, or
(b) where 3*[any two of or all such ores] are produced in a
State, constitute, for such State, an Advisory
Committee in respect of 3*[any one of such ores only, or in respect of any two of such ores only, or in respect of all such ores],
to advise the Central Government on such matters arising out of the administration of this Act as may be referred to it by that
Government, including matters relating to the application of the Fund.
(2) Each Advisory Committee shall consist of such number of persons as may be appointed to it by the Central Government of whom one shall be a woman and the members shall be chosen in such manner as may be prescribed:
Provided that each Advisory Committee shall include an equal number of members representing Government, the owners of iron ore mines 3*[, manganese ore mines and chrome ore mines] and the persons employed in the iron ore mines 3*[, manganese ore mines and chrome ore mines].
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1. Ins. by Act 45 of 1982, s. 6 (w.e.f. 1-7-1983).
2. Ins. by s. 7, ibid. (w.e.f. 1-7-1983).
3. Subs. by s. 7, ibid. (w.e.f. 1-7-1983).
575.(3) The Chairman of each Advisory Committee shall be appointed by the Central Government.
(4) The Central Government shall publish in the Official Gazette the names of the members of every Advisory Committee.
6.Central Advisory Committee.
6. Central Advisory Committee.- (1) The Central Government may constitute a Central Advisory Committee to co-ordinate the work of the
Advisory Committees constituted under section 5 and to advise the
Central Government on any matter arising out of the administration of this Act.
(2) The Central Advisory Committee shall consist of such number of persons as may be appointed by the Central Government of whom one shall be a woman and the members shall be chosen in such manner as may be prescribed:
Provided that the Central Advisory Committee shall include an equal number of members representing the Government, the owners of iron ore mines 1*[, manganese ore mines and chrome ore mines] and the persons employed in the iron ore mines 1*[, manganese ore mines and chrome ore mines].
(3) The Chairman of the Central Advisory Committee shall be appointed by the Central Government.
(4) The Central Government shall publish in the Official Gazette the names of the members of the Central Advisory Committee.
7.Power to co-opt, etc.
7. Power to co-opt, etc.- (1) The Advisory Committee or the
Central Advisory Committee may, at any time and for such period as it thinks fit, co-opt any person or persons to the Advisory Committee.
(2) A person co-opted under sub-section (1) shall exercise all the powers and functions of a member under this Act but shall not be entitled to vote.
(3) The Advisory Committee or the Central Advisory Committee may, if it considers it necessary or expedient so to do, invite any person to attend its meeting and when such person attends any meeting, he shall not be entitled to vote thereat.
8.Appointment of Welfare Commissioners, etc., and their powers.
8. Appointment of Welfare Commissioners, etc., and their powers.-
(1) The Central Government may appoint as many Welfare Commissioners, Welfare Administrators, Inspectors and such other officers and staff as it thinks necessary for the purposes of this Act and the Iron Ore
Mines 2*[, Manganese Ore Mines and Chrome Ore Mines Labour Welfare]
Cess Act, 1976 (55 of 1976).
(2) The Central Government may, by general or special order, direct a Welfare Commissioner to appoint such staff as is considered necessary for the purposes of this Act and the Iron Ore Mines 2*[, Manganese Ore Mines and Chrome Ore Mines Labour Welfare] Cess Act,
1976 (55 of 1976).
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1. Subs. by Act 45 of 1982, s. 8 (w.e.f. 1-7-1983).
2. Subs. by s. 9, ibid. (w.e.f. 1-7-1983).
576.(3) Every person so appointed shall be deemed to be a public servant within the meaning of section 21 of the Indian Penal Code (45.of 1860).
(4) Any Welfare Commissioner, Welfare Administrator or Inspector may,–
(a) with such assistance, if any, as he may think fit, enter at any reasonable time, any place which he considers it necessary to enter for carrying out the purposes of this Act;
(b) do within such place anything necessary for the proper discharge of his duties; and
(c) exercise such other powers as may be prescribed.
9.Power of Central Government to exempt.
9. Power of Central Government to exempt.- Notwithstanding anything contained in this Act, if the Central Government is satisfied that there is in force in any State or part therof a law making adequate provision for the financing of activities to promote the welfare of persons employed in the iron ore mines or manganese ore mines 1*[or chrome ore mines], it may, by notification in the Official
Gazette, direct that all or any of the provisions of this Act shall not apply to such State or part thereof subject to such exceptions and modifications as may be specified in the notification.
10.Annual report of activities financed under the Act.
10. Annual report of activities financed under the Act.- The
Central Government shall, as soon as may be after the end of each financial year, cause to be published in the Official Gazette a report giving an account of its activities financed under this Act during the previous financial year, together with a statement of accounts.
11.Power to call for information.
11. Power to call for information.- The Central Government may require an occupier of a metallurgical factory or the owner, agent or manager of an iron ore mine or of a manganese ore mine 2*[or of a chrome ore mine] to furnish, for the purposes of this Act, such statistical and other information in such form and within such period as may be prescribed.
12.Power to make rules.
12. Power to make rules.- (1) The Central Government may, by notification, before proceeding to make an assessment under section 6 (in this section referred to as the regular assessment) may, at any time after the expiry of the period allowed under sub-section (1) or sub-section (2)
of section 5 for the furnishing of the return and whether the return has or has not been furnished, proceed to make in a summary manner a provisional assessment of the chargeable profits and the amount of the surtax payable thereon.
(2) Before making such provisional assessment, the Income-tax
Officer shall give notice in the prescribed form to the person on whom the provisional assessment is to be made of his intension to do so, and shall with the notice forward a statement of the amount of the proposed assessment, and the said person shall be entitled to deliver to the Income-tax Officer at any time within fourteen days of the service of the said notice a statement of his objections, if any, to the amount of the proposed assessment.
(3) On expiry of the said fourteen days from the date of service of the notice referred to in sub-section (2), or earlier, if the assessee agrees to the proposed provisional assessment, the Income-tax
Officer may, after taking into account the objections, if any, made under sub-section (2), make a provisional assessment, and shall furnish a copy of the order of the assessment to the assessee:
Provided that assent to the amount of the provisional assessment, or failure to make objection to it, shall in no way prejudice the assessee in relation to the regular assessment.
(4) There shall be no right of appeal against a provisional assessment made under this section,
(5) After a regular assessment has been made, any amount paid or deemed to have been paid towards the provisional assessment made under this section shall be deemed to have been paid towards the regular assessment; and where the amount paid or deemed to have been paid towards the provisional assessment exceeds the amount payable under the regular assessment, the excess shall be refunded to the assessee.
1 [7A. Advance payment of surtax. (1) In this section,-
(a) “chargeable amount”, in relation to any previous year, means so much of the chargeable profits of the previous year as exceed the statutory deduction;
(b) “current chargeable amount”, in relation to the advance surtax payable by a company during any financial year, means the chargeable amount of the company of the, period which would be the previous year for the assessment year immediately following that financial year.
(2) Surtax shall be payable, in accordance with the pro-
visions of–this section, in advance during the financial year in respect of the chargeable amount of the period which would be the previous year for the immediately following assessment year.
(3) The amount of advance surtax payable by an assessee in the financial year shall be computed as follows:-
(a) the chargeable amount of the latest previous year in respect of which the assessee has been assessed by way of regular assessment shall first be ascertained ;
(b) in a case where the chargeable amount of the latest previous year [being a year later than the previous year referred to in clause (a) on the basis of which a provisional assessment has been made under section 7. exceeds the chargeable amount referred to in clause, (a), the, chargeable, amount referred to in clause (a) shall be sub-
stituted by the chargeable amount on the basis of which such provisional assessment has been made;
(c) surtax shall be calculated on the chargeable amount referred to in clause (a) or, as the case may be, in clause
(b), at the rates specified in the Third Schedule.
(4) Subject to the provisions of this section, advance sur-
tax shall be payable in three equal instalments on the following dates during the financial year, namely:-
(a) the 15th day of June, the 15th day of September and the
15th day of December, in the case of an assessee
wherent areas in the State and for different provisions of this Act.
2.Definitions.
2. Definitions.- In this Act, unless the context otherwise requires,–
(a) “Fund” means the Beedi Workers Welfare Fund formed under section 3;
(b) a person is said to be engaged in an establishment if he is engaged in that establishment, directly or through any agency, whether for wages or not, for doing any work, skilled, unskilled, manual or clerical and includes,–
(i) any person who is given raw materials by an employer or a contractor for being made INTO beedi at home, and
(ii) any person not engaged by an employer or a contractor but working with the permission of, or under agreement with, the employer or contractor;
(c) “prescribed” means prescribed by rules made under this
Act;
(d) words and expressions used but not defined in this Act and defined in the Beedi and Cigar Workers (Conditions of Employment) Act, 1966 (32 of 1966), shall have the meanings respectively assigned to them in them in that
Act in so far as they relate to a person engaged in beedi establishments.
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1. 15-2-1977: Vide Notification No. G.S.R. 57(E), dated 2-2-1977.580
3.Beedi Workers Welfare Fund.
3. Beedi Workers Welfare Fund.- There shall be formed a Fund to be called the Beedi Workers Welfare Fund and there shall be credited thereto–
(a) an amount which the Central Government may, after due appropriation made by Parliament by law in this behalf, provide FROM and out of the proceeds of cess credited under section 4 of the Beedi Workers Welfare Cess Act,
1976 (56 of 1976), after deducting the cost of collection as determined by the Central Government under this Act;
(b) any income FROM investment of the amount credited under the Act referred to in clause (a) and any other moneys received by the Central Government for the purposes of this Act.
4.Application of Fund.
4. Application of Fund.- (1) The Fund shall be applied by the
Central Government to meet the expenditure incurred in connection with measures and facilities which, in the opinion of that Government, are necessary or expedient to promote the welfare of persons engaged in beedi establishments ; and in particular–
(a) to defray the cost of measures for the benefit of such persons directed towards–
(i) the improvement of public health and sanitation, the prevention of disease and the provision and improvement of medical facilities;
(ii) the provision and improvement of water supplies and facilities for washing;
(iii) the provision and improvement of educational facilities;
(iv) the provision and improvement of housing and recreational facilities including standards of living, nutrition and amelioration of social conditions;
1*[(iva) the provision of family welfare, including family planning education and services;]
(v) the provision and improvement of such other welfare measures and facilities as may be prescribed;
(b) to grant loan or subsidy to a State Government, a local authority or an employer in aid of any scheme approved by the Central Government for the purpose connected with the welfare of persons engaged in beedi establishments;
(c) to pay annually grants-in-aid to a State Government,
2*[or to a local authority or to an agency which satisfies the prescribed criteria (hereinafter referred to as the agency) or to an employer] who provides to the satisfaction of the Central Government welfare measures and facilities of the prescribed standard for the benefit of persons engaged in beedi establishments, so, however, that the amount payable as grants-in-aid to any such State Government, 2*[local authority, agency] or employer shall not exceed–
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1. Ins. by Act 15 of 1987, s. 5.2. Subs. by s. 5, ibid.
581.(i) the amount spent in providing welfare measures and facilities as determined by the Central Government or any person specified by it in this behalf, or
(ii) such amount as may be prescribed,
whichever is less;
Provided that no grant-in-aid shall be payable in respect of any such welfare measures and facilities where the amount spent thereon determined as aforesaid is less than the amount prescribed in this behalf;
(d) to meet the allowances, if any, of the members of the
Advisory Committees and the Central Advisory Committee constituted under sections 5 and 6 respectively and the salaries and allowances, if any, of persons appointed under section 8;
(e) any other expenditure which the Central Government may direct to be defrayed FROM the Fund.
(2) The Central Government shall have power to decide whether any particular expenditure is or is not debitable to the Fund, and its decision shall be final.
5.Advisory Committees.
5. Advisory Committees.-(1) The Central Government may constitute as many Advisory Committees as it thinks fit, but not exceeding one for each of the principal beedi producing States, to advise the
Central Government on such matters arising out of the administration of this Act as may be referred to it by that Government, including matters relating to the application of the Fund.
(2) Each Advisory Committee shall consist of such number of persons as may be appointed to it by the Central Government and the members shall be chosen in such manner as may be prescribed:
Provided that each Advisory Committee shall include an equal number of members representing Government, the employers and persons engaged in beedi establishments and that at least one member of such
Committee shall be a woman.
(3) The Chairman of each Advisory Committee shall be appointed by the Central Government.
(4) The Central Government shall publish in the Official Gazette the names of all members of every Advisory Committee.
6.Central Advisory Committee.
6. Central Advisory Committee.- (1) The Central Government may constitute a Central Advisory Committee to co-ordinate the work of the
Advisory Committees constituted under section 5 and to advise the
Central Government on any matter arising out of the administration of this Act.
582.(2) The Central Advisory Committee shall consist of such number of persons as may be appointed to it by the Central Government and the members shall be chosen in such manner as may be prescribed:
Provided that the Central Advisory Committee shall include an equal number of members representing the Government, the employers and persons engaged in beedi establishments and that at least one member of such Committee shall be a woman.
(3) The Chairman of the Central Advisory Committee shall be appointed by the Central Government.
(4) The Central Government shall publish in the Official Gazette the names of all members of the Central Advisory Committee.
7.Power to co-opt.
7. Power to co-opt.- (1) An Advisory Committee or the Central
Advisory Committee may, at any time and for such period as it thinks fit, co-opt any person or persons to the Advisory Committee.
(2) A person co-opted under sub-section (1) shall exercise all the powers and functions of a member under this Act but shall not be entitled to vote.
(3) The Advisory Committee or the Central Advisory Committee may, if it considers it necessary or expedient so to do, invite any person to attend its meeting and when such person attends any meeting, he shall not be entitled to vote thereat.
8.Appointment of Welfare Commissioners, etc., and their powers.
8. Appointment of Welfare Commissioners, etc., and their powers.-
(1) The Central Government may appoint as many Welfare Commissioners, Welfare Administrators, Inspectors and such other officers and staff as it thinks necessary for the purposes of this Act and the Beedi
Workers Welfare Cess Act, 1976 (56 of 1976).
(3) Where, on making the regular assessment, the Income-tax
Officer finds that any company which is required,-to send an estimate under sub-section (8) of section 7A has not sent the, estimate referred to therein, simple interest at the rate of [fifteen per cent]2 per annum from the 1st day of April next following the finan-
cial year in which the advance surtax was payable in accordance with the said sub-section (8) to the date of the regular assessment shall be payable by the company upon the amount by which the advance surtax paid by, it falls short of the assessed surtax.
(4) Notwithstanding anything contained in the foregoing sub-
sections, where provisional assessment is made under section 7-
(i) interest shall be calculated in accordance with the provisions of sub-section (1) or subsection (2) or, as the case may be, sub-section (3) up to the date on which the surtax provisionally assessed is paid; and
(ii) thereafter interest shall be calculated at the rate of
[fifteen per cent]2 per annum on the amount by which the surtax provisionally assessed falls short of the assessed surtax.
(5) In such cases and under such circumstances as may be, prescribed, the Income-tax Officer may reduce or waive the interest payable by the company under this section.
(6) Where, as a result of an order under section 11, or section
12, or section 13, or section 17, or section 18 read with section 260
or section 262 of the Income-tax Act. the amount on which interest was payable under this section has been reduced, the interest shall be reduced accordingly and the excess interest paid, if any, shall be refunded.
(7) In this section and section 9A, “assessed surtax” mean.,;
the surtax determined on the basis of the regular assessment without making any deduction therefrom.
7D.
Interest payable by assessee in case of understimate, etc.
7D. Interest payable by assessee in case of underestimate, etc.
where, on making the regular assessment, the Income-tax Officer finds that any company has under section 7A underestimated the advance surtax payable by it and thereby reduced the amount payable in either of the first two instalments, he may direct that the company shall pay simple interest at 2[fifteen per cent.] per annum for the period during which the payment was deficient, on the difference between the amount paid in each such instalment and the amount which should have been paid, having regard to the aggregate advance surtax actually paid during the year.
Explanation.-For the purposes of this section, any instalment due before the expiry of six months from the commencement of the previous year in respect of which it is to be paid shall be deemed to have become, due fifteen days after the expiry of the said six months.”]
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1. Ins. by Act 16 of 1981, s.36 (w.e.f. 1-4-1981).
2. subs. by Act 67 of 1984, s.77 (w.e.f. 1-10-1984).
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1275.8.Profits escaping assessment.
8. Profits escaping assessment. If-
(a) the Income-tax Officer has reason to believe that by reason of the omission or failure on the part of the assessee to make a return under section 5 for any assessment year or to disclose fully and truly all material facts necessary for his assessment for any assessment year, chargeable profits for that year have escaped assessment or have been under-
assessed or assessed at too low a rate or have been made the subject of excessive relief under this Act, or
(b) notwithstanding that there has been no omission or failure as mentioned in clause (a) on the part of the assessee, the Income-tax Officer has in consequence of information in his possession reason to believe that chargeable profits assessable for any assessmen other information as may be required to be furnished under section 11;
(j) the forms in which and the period within which statistical and other information are to be furnished under clause (i)
1*[(ja) the form in which an identity card is to be issued by an employer to a person engaged in a beedi establishment;]
(k) any other matter which has to be or may be prescribed, or provided for, by rules under this Act.
2*[(3) In making any rule under sub-section (2), the Central
Government may direct that a breach of–
(a) any rule made under clause (i) or clause (j) thereof, shall be punishable with fine which may extend to five hundred rupees;
(b) any rule made under clause (ja) thereof, shall be punishable with fine which may extend to two thousand rupees.]
(4) Every rule made under this section shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.