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    <title>Penalty for failure to furnish information return.</title>
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    <description>Where a person required to furnish an information return under section 150 fails to do so within the period specified in the notice under subsection (3), the proper officer may direct imposition of a daily penalty for each day of continued failure, subject to an overall statutory ceiling; the penalty is triggered by non compliance within the notice period.</description>
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      <description>Where a person required to furnish an information return under section 150 fails to do so within the period specified in the notice under subsection (3), the proper officer may direct imposition of a daily penalty for each day of continued failure, subject to an overall statutory ceiling; the penalty is triggered by non compliance within the notice period.</description>
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