Penalty for failure to furnish information: Assessing Officer may impose sanction for inaccurate or omitted disclosures under section 397(3)(d). Clause 462 empowers the Assessing Officer to impose a monetary penalty where a person required to furnish information under section 397(3)(d) fails to furnish such information or furnishes inaccurate information, prescribing a fixed monetary sanction for that non compliance or misstatement.