IT Act 1961 272AA — Penalty for failure to comply with the provisions of section 133B

Income-tax Act, 1961

Statutory text

(1) If a person *** fails to comply with the provisions of section 133B, he shall, on an order passed by the [Joint Commissioner], [Assistant Director or Deputy Director] or the [Assessing Officer], as the case may be, pay, by way of penalty, a sum which may extend to one thousand rupees.

(2) No order under sub-section (1) shall be passed unless the person on whom the penalty is proposed to be imposed is given an opportunity of being heard in the matter.]

Back to IT Act 1961