Section - 271DA (of Income Tax Act, 1961), Penalty for failure to comply with provisions of section 269ST (of Income Tax Act, 1961)
Section - 271DA (of Income Tax Act, 1961), Penalty for failure to comply with provisions of section 269ST (of Income Tax Act, 1961)
Penalty for failure to comply with provisions of section 269ST (of Income Tax Act, 1961).
(1) If a person receives any sum in contravention of the provisions of section 269ST (of Income Tax Act, 1961), he shall be liable to pay, by way of penalty, a sum equal to the amount of such receipt:
Provided that no penalty shall be imposable if such person proves that there were good and sufficient reasons for the contravention.
(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner.
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