Section 58
Punishment for second and subsequent offences. Repealed
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
About this Act
An Act to make provisions to deal with the problem of the Black money that is undisclosed foreign income and assets, the procedure for dealing with such income and assets and to provide for imposition of tax on any undisclosed foreign income and asset held outside India and for matters connected therewith or incidental thereto.
If any person convicted of an offence under
section 49 to section 53 (both inclusive)is again convicted of an offence under any of the aforesaid
provisions, he shall be punishable for the second and every subsequent offence with rigorous
imprisonment for a term which shall not be less than three years, but which may extend to ten years and
with fine which shall not be less than five lakh rupees, but which may extend to one crore rupees.