Bare ActsIncome tax Act, 1961

Section 271BA

Penalty for failure to furnish report under section 92E.--

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If any person fails to furnish a report from an accountant as required by section 92E, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of one hundred thousand rupees.

Section 271BA – Income tax Act, 1961 | DailyLaw.ai