https://www.taxtmi.com/acts?id=52014 The Assessing Officer may impose a penalty of Rs.10,000 where a person fails to comply with the provisions of section 397. A penalty of Rs.10,000 also applies if a person required to quote their Tax Deduction and Collection Account Number in challans, certificates, statements or other documents under section 397(1)(b) quotes a number that is false, knowing or believing it to be false. en-us Thu, 14 Aug 2025 18:33:53 +0530 Sat, 31 Jan 2026 13:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52014 The Assessing Officer may impose a penalty of Rs.10,000 where a person fails to comply with the provisions of section 397. A penalty of Rs.10,000 also applies if a person required to quote their Tax Deduction and Collection Account Number in challans, certificates, statements or other documents under section 397(1)(b) quotes a number that is false, knowing or believing it to be false. Act-Rules Income Tax Thu, 14 Aug 2025 18:33:53 +0530 https://www.taxtmi.com/acts?id=52014