TMI BlogPenalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.X X X X Extracts X X X X X X X X Extracts X X X X ..... im to sign; or ( c ) to whom a summons is issued under sub-section (1) of section 131 either to attend to give evidence or produce books of account or other documents at a certain place and time omits to attend or produce books of account or documents at the 27 [place or time; or] 28 [(d) fails to comply with a notice under sub-section (1) of section 142 or sub-section (2) of section 143 or fails to comply with a direction issued under sub-section (2A) of section 142,] he shall pay, by way of penalty, 3 [a sum of ten thousand rupees] for each such default or failure. (2) If any person fails- ( a ) to comply with a notice issued under sub-section (6) of section 94; or ( b ) to give the notice of discontinuance of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 25 [(m) to deliver or cause to be delivered a statement within the time as may be prescribed under sub-section (2A) of section 200 or sub-section (3A) of section 206C,] he shall pay, by way of penalty, a sum 12 [of 30 [ five hundred rupees ] ] for every day during which the failure continues: 13 [Provided that the amount of penalty for failures in relation to 14 [a declaration mentioned in section 197A, a certificate as required by section 203 and] returns under sections 206 and 206C 15 [and 26 [statements under sub-section (2A) or sub-section (3) of section 200 or the proviso to sub-section (3) or under sub-section (3A) of section 206C]] shall not exceed the amount of tax deductible or collectible, as the case m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xplanation. -In this section, income-tax authority includes a 24 [Principal Director General or] Director General, 24 [Principal Director or] Director, 20 [Joint] Director and an Assistant Director 21 [or Deputy Director]while exercising the powers vested in a court under the Code of Civil Procedure, 1908 (5 of 1908), when trying a suit in respect of the matters specified in sub-section (1) of section 131.] ----------------------------------------- Notes :- 1. Substituted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. Prior to its substitution, section 272A was inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976 and later on amended by the Finance (No. 2) Act, 1977, w. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w.e.f. 1-6-1999. 13. Inserted by the Finance (No. 2) Act, 1991, w.e.f. 1-10-1991. 14. Inserted by the Finance (No. 2) Act, 1998, w.e.f. 1-4-1999. 15. Inserted by the Finance Act, 2006, w.e.f. 1-6-2006. 16. Substituted for Deputy by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 17. Substituted for Deputy by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 18. Substituted for Deputy by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 19. Substituted for Deputy by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 20. Substituted for Deputy by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 21. Inserted by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 22. Substituted vide Financ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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