Amendment status not verified — confirm the current text below against the official source.
Any person who being required by or under this Act to furnish any-- (a) information; (b) declaration; or (c) return, fails to furnish such information, declaration or return shall be punishable with fine which may extend to one lakh rupees, and in the case of continuing default, with a further fine which may extend to one lakh rupees for every day during which such default continues after conviction for the first such default, or with imprisonment for a term which may extend to three years, or with both.