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<h1>Section 271BB penalty for failing to subscribe to units under former section 88A(1) applies only during periods scheme remained effective</h1> Penalty under Section 271BB applies where a person fails to subscribe to any amount of units issued under the scheme formerly covered by section 88A(1); the provision became inapplicable from the assessment year 2026-27 onward, so the penalty pertains only to defaults during periods when that scheme provision was effective.