Amendment status not verified — confirm the current text below against the official source.
(1) If any person fails to-- (a) deduct the whole or any part of the tax as required by or under the provisions of Chapter XVII-B; or (b) pay the whole or any part of the tax as required by or under-- (i) sub-section (2) of section 115-O; or (ii) the [x x x x] proviso to section 194B, then, such person shall be liable to pay, by way of penalty, a sum equal to the amount of tax which such person failed to deduct or pay as aforesaid. (2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner. Word "second" omitted by the Act No. 06 of 2022, w.e.f. 01/04/2022.