Penalty for failure to collect or pay banking cash transaction tax.

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..... as required under section 97; or ( b ) having collected the banking cash transaction tax, fails to pay such tax to the credit of the Central Government in accordance with the provisions of sub-section (2) of section 97, shall be liable to pay,— ( i ) in the case referred to in clause ( a ), in addition to paying the tax in accordance with the provisions of sub-section .....

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