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<h1>Section 276AA: Penalties for Non-Compliance with Income Tax Sections 269AB and 269I(5), Including Imprisonment and Fines.</h1> Section 276AA of the Income Tax (Amendment) Act, 1981, introduces penalties for failing to comply with sections 269AB or directions under section 269I(5). Violators, without reasonable cause, face rigorous imprisonment up to two years and a fine. The minimum imprisonment is six months unless the court records special and adequate reasons for a lesser sentence.