https://www.taxtmi.com/acts?id=50240 Refusal to answer questions or to sign statements lawfully required in proceedings under the Gift-tax Act attracts a penalty of up to one thousand rupees; failure without reasonable cause to furnish required statements or information under section 37 attracts a daily penalty of up to ten rupees. Only an Appellate Assistant Commissioner, an Inspecting Assistant Commissioner or a Commissioner may make orders under this section, and proceedings before a Gift-tax Officer must be referred to the Inspecting Assistant Commissioner for orders; no penalty order may be made without giving the person an opportunity of being heard. en-us Wed, 05 Mar 2025 17:55:22 +0530 Wed, 05 Mar 2025 17:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50240 Refusal to answer questions or to sign statements lawfully required in proceedings under the Gift-tax Act attracts a penalty of up to one thousand rupees; failure without reasonable cause to furnish required statements or information under section 37 attracts a daily penalty of up to ten rupees. Only an Appellate Assistant Commissioner, an Inspecting Assistant Commissioner or a Commissioner may make orders under this section, and proceedings before a Gift-tax Officer must be referred to the Inspecting Assistant Commissioner for orders; no penalty order may be made without giving the person an opportunity of being heard. Act-Rules F. Acts / Amendment Acts Wed, 05 Mar 2025 17:55:22 +0530 https://www.taxtmi.com/acts?id=50240