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<h1>Penalty equals uncollected tax under Chapter XVII-BB; Assessing Officer to impose penalty from April 1, 2025</h1> If a person fails to collect any part of the tax as mandated under Chapter XVII-BB of the Income Tax Act, they are liable to pay a penalty equal to the amount of tax not collected. The penalty was initially imposed by the Joint Commissioner but, effective from April 1, 2025, will be imposed by the Assessing Officer.