CHAPTER XXI

PENALTIES

Penalty for failure to furnish report under section 172

¹447. If any person fails to furnish a report from an accountant as required by section 172, the Assessing Officer may impose a penalty of ?100000on such person.

Note:

1.omitted by The Finance Bill 2026 dated 01.02.2026 w.e.f. 01.04.2026