2025Section 462
462. Penalty for failure to furnish information or furnishing inaccurate information under section 397(3)(d).
In the 1961 Act1 match · Unreviewed
- 1961 Section 271-I
From the Income Tax Department's correspondence.
If any person, who is required to furnish information under section 397(3)(d), fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may impose a penalty of Rs. 100000 on such person.