https://www.taxtmi.com/acts?id=24896 Penalty is prescribed for failure to furnish an information return required under section 108A. Where the person obliged to furnish the information does not do so within the period specified in the notice issued under sub-section (3), the proper officer may direct payment of a penalty calculated at one hundred rupees for each day during which the failure continues. The provision operates as a continuing daily penalty mechanism tied to non-compliance with the notice period. en-us Mon, 08 May 2017 17:55:02 +0530 Mon, 25 May 2026 16:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24896 Penalty is prescribed for failure to furnish an information return required under section 108A. Where the person obliged to furnish the information does not do so within the period specified in the notice issued under sub-section (3), the proper officer may direct payment of a penalty calculated at one hundred rupees for each day during which the failure continues. The provision operates as a continuing daily penalty mechanism tied to non-compliance with the notice period. Act-Rules Customs Mon, 08 May 2017 17:55:02 +0530 https://www.taxtmi.com/acts?id=24896