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| Home > Indian Bare Acts > Income Tax Act - 1961 > Penalty for failure to comply with the provisions of section 269T. |
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| Income Tax Act - 1961 |
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Title : Income Tax Act - 1961
Year : 1961
Act :
271E.Penalty for failure to comply with the provisions of section 269T. (1) If a person repays any deposit referred to in section 269T otherwise than in accordance with the provisions of that section, he shall be liable to pay, by way of penalty, a sum equal to the amount of the deposit so repaid. (2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner.
Last updated on February, 2008
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