119 Failure to provide full information in respect of profits, etc

(1) For the purpose of obtaining full informa- tion in respect of the profits or income of person, body corporate or organization, the Service may give Notice to that person, body corporate or organization requiring him or it, within the time specified by the notice to:

(a) complete and deliver to the Service any return specified in such Notice;

(b) appear personally before an Officer of the Service for examination with respect to any matter relating to profits or income;

(c) produce or cause to be produced for examination, Books, Documents, Electronic Devices, and any other information at the place and time stated in the Notice, which may be from day-to-day for such period as the Service may deem necessary; or

(d) give orally or in writing any other information including a name and address specified in such notice.

(2) For the purpose of paragraphs (a) to (d) of Subclause (1) the time specified by such notice shall not be less than seven (7) days from the date of service of such notice except that an officer of the Service not below the rank of a Chief Inspector of Taxes or its equivalent may act in any of the cases stipulated in paragraphs (a) to (d) of Subclause (1), without giving any of the required notices set out in this Clause.

(3) A person who contravenes the provisions of this Clause is in respect of each offence, liable on conviction to a fine equivalent to 100% of his actual tax liability.

(4) The provisions of this Clause or any other provisions of this Bill shall not be construed as precluding the Service from verifying by audit or investigation any matter relating to returns or entries in any book, documents or accounts including those stored in a computer, or digital or magnetic or optical electronic media as may be specified by the Service.

(5) Any person may apply in writing to the Service for extension of the time within which to comply with the provisions of this Clause, provided that the person: makes the application before the expiration of the time stipulated in the Clause for making the returns; and shows good cause for his inability to comply with this provision.

(6) If the Service is satisfied with the cause shown in the Application, it may in writing grant the extension of the time or limit the time as it may consider appropriate.