Failure to comply with notice under sections 142(1), 143(2) or direction under 142(2A) attracts penalty.

The Finance Act, 2016 amends section 272A by inserting clause (d) to include failure to comply with a notice under section 142(1) or section 143(2), or a direction under section 142(2A), within the penalty provision, and by adding clause (aa) to subsection (3) to specify that the income-tax authority who issued the notice or direction may impose the penalty.

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