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        Income Tax

        Section 271FAB - Penalty for failure to furnish statement or information or document by an eligible investment fund

        Income-tax Act, 1961
        Chapter XXI
        PENALTIES IMPOSABLE

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        Penalty for failure to furnish statement: eligible investment funds face prescribed penalty under Income-tax Act for missing required disclosures. If an eligible investment fund required to furnish a statement or any information or document under subsection (5) of section 9A fails to do so within the prescribed time, the income-tax authority prescribed under that subsection may direct that the fund pay, by way of penalty, a sum of five hundred thousand rupees.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Penalty for failure to furnish statement: eligible investment funds face prescribed penalty under Income-tax Act for missing required disclosures.

                              If an eligible investment fund required to furnish a statement or any information or document under subsection (5) of section 9A fails to do so within the prescribed time, the income-tax authority prescribed under that subsection may direct that the fund pay, by way of penalty, a sum of five hundred thousand rupees.


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