Penalty for failure to answer questions, sign statements, furnish information, allow inspection, etc.

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....e course of any proceedings under this Act, which a wealth-tax authority may legally require him to sign ; or            (c) to whom a summons is issued under sub-section (1) of section 37 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 the books of account or documents at the place and time, he shall pay, by way of penalty, a sum which shall not be less than five hundred rupees but which may extend to ten thousand rupees for each such default or failure :      Provided that no penalty shall be imposable under clause (c) if the person proves that there was reasonable cau....

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....     Explanation.-In this section, "wealth-tax authority" includes a Director General, Director, ^6[Joint] Director, Assistant Director ^7[or Deputy Director]and a Valuation Officer 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 37.]       -------------------------- Notes:- 1. First restored to its original version, i.e., prior to its substitution by the Direct Tax Laws (Amendment) Act, 1987, and then substituted by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989. Prior to its substitution, section 18A, as inserted by the Taxation Laws (Amendm....