Penalty for failure to comply with the provisions of section 269SS

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Full Text of the Document

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.... by way of penalty, a sum equal to the amount of the loan or deposit ^5[or specified sum] so taken or accepted.] ^3[(2) Any penalty imposable under sub-section (1) shall be imposed by the ^4[Joint] Commissioner.] ^6[Provided that any penalty under sub-section (1), on or after the 1st day of April, 2025, shall be imposed by the Assessing Officer.]     ************** ....