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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 comply within the period specified in the notice under sub section (3), the proper officer may direct that the person pay a daily penalty for each day the failure continues, subject to a statutory maximum aggregate cap on the penalty.</description>
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      <description>Where a person required to furnish an information return under section 150 fails to comply within the period specified in the notice under sub section (3), the proper officer may direct that the person pay a daily penalty for each day the failure continues, subject to a statutory maximum aggregate cap on the penalty.</description>
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