Section 76. (1) All sums realised, by way of penalties, imposed by the Appellate Tribunal or the

Authority, in the Union terriroties, shall be credited to the Consolidated Fund of India.
(2) All sums realised, by way of penalties, imposed by the Applellate Tribunal or the
Authority, in a State, shall be credited to such account as the State Government may
specify.
Factors to be
taken into
account by the
adjudicating
officer.
Grants and
loans by
Central
Government.
Grants and
loans by State
Government.
Constitution
of Fund.
Crediting
sums realised
by way of
penalties to
Consolidated
Fund of India
or State
account.

32 THE GAZETTE OF INDIA EXTRAORDINARY [P ART II—