Once a penalty is imposed under section 73 or 74, is another penalty for the same act allowed?
ANo, it is barred
BYes, under section 122
CYes, under section 125
DYes, if fraud is proved
Answer & Solution
Correct answer: A. No, it is barred
Section 75(13) prohibits any other penalty for the same act or omission on the same person.
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