Acts

271-I Penalty for failure to furnish information or furnishing inaccurate information under section 195

CHAPTER XXI

PENALTIES IMPOSABLE

Penalty for failure to furnish information or furnishing inaccurate information under section 195.

271-I. If a person, who is required to furnish information under sub-section (6) of section 195, fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of one lakh rupees.

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