Insertion of new section 271-I- Penalty for failure to furnish information or furnishing inaccurate information under section 195.

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..... y 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. . - Clause 73 of the B .....

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