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    <title>Insertion of new section 271-I- Penalty for failure to furnish information or furnishing inaccurate information under section 195</title>
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    <description>Insertion of section 271-I establishes that if a person required to furnish information under sub-section (6) of section 195 fails to furnish such information or furnishes inaccurate information, the Assessing Officer may direct that such person shall pay, by way of penalty, a fixed monetary sum; the provision takes effect from the stated commencement date of the amendment.</description>
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      <description>Insertion of section 271-I establishes that if a person required to furnish information under sub-section (6) of section 195 fails to furnish such information or furnishes inaccurate information, the Assessing Officer may direct that such person shall pay, by way of penalty, a fixed monetary sum; the provision takes effect from the stated commencement date of the amendment.</description>
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