TaxTMI 
TaxTMI 
Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
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....require him to sign; or (c) to whom a summons is issued under sub-section (1) of section 131 either to attend to give evidence or produce books of account or other documents at a certain place and time omits to attend or produce books of account or documents at the ^27[place or time; or] ^2[****] ^28[(d) fails to comply with a notice under sub-section (1) of section 142 or sub-section (2) of section 143 or fails to comply with a direction issued under sub-section (2A) of section 142,] he shall pay, by way of penalty, ^3[a sum of ten thousand rupees] for each such default or failure. (2) If any person fails- (a) to comply with a notice issued under sub-section (6) of section 94; or ....
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....ithin the time specified in sub-section (1) of section 206A,] ^25[(m) to deliver or cause to be delivered a statement within the time as may be prescribed under sub-section (2A) of section 200 or sub-section (3A) of section 206C,] he shall pay, by way of penalty, a sum ^12[of ^30[five hundred rupees]] for every day during which the failure continues: ^13[Provided that the amount of penalty for failures in relation to ^14[a declaration mentioned in section 197A, a certificate as required by section 203 and] returns under sections 206 and 206C ^15[and ^26[statements under sub-section (2A) or sub-section (3) of section 200 or the proviso to sub-section (3) or under sub-section (3A) of section 206C]] shall not exceed the amount o....
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....n the matter by such authority. Explanation.-In this section, "income-tax authority" includes a ^24B[Principal Director General or] Director General, ^24C[Principal Director or] Director, ^20[Joint] Director and an Assistant Director ^21[or Deputy Director] while exercising the powers vested in a court under the Code of Civil Procedure, 1908 (5 of 1908), when trying a suit in respect of the matters specified in sub-section (1) of section 131.] *************** NOTES:- 1. Substituted vide Section 110 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, "Penalty for failure to answer questions, sign statements, allow inspections, etc. 272A.- (....
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.... (3) Any penalty imposable under sub-section (1) or sub-section (2) shall be imposed,- (a) in a case where the contravention, failure or default in respect of which such penalty is imposable occurs in the course of any proceeding before the Chief Commissioner or Commis­sioner or the Commissioner (Appeals) or the Deputy Commissioner (Appeals) by the Chief Commissioner or Commissioner or the Com­missioner (Appeals) or, as the case may be, the Deputy Commis­sioner (Appeals); (aa) in a case falling under clause (ba) of sub-section (2), by the Chief Commissioner or Commissioner; and (b) in any other case, by the Deputy Commissioner. (4) No order under this section shall be passed by any officer ....
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....nish under sub-section (4A) of section 139 or to furnish it within the time allowed and in the manner required under that sub-section; or" 7. Inserted vide Section 68 of the Finance (No. 2) Act, 1991 w.e.f. 01-10-1991 8. Inserted vide Section 92 of the Finance Act, 2001 w.e.f. 01-04-2002 9. Inserted vide Section 17 of the Taxation Laws (Amendment) Act, 2003 w.e.f. 08-09-2003 10. Inserted vide Section 56 of the Finance (No. 2) Act, 2004 w.e.f. 01-04-2005 11. Inserted vide Section 60 of the Finance Act, 2005 w.e.f. 01-06-2005 12. Substituted vide Section 88 of the Finance Act, 1999 w.e.f. 01-06-1999 before it was read as, "which shall not be less than ....