Penalty for failure to collect or pay commodities transaction tax.

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....to collect or pay commodities transaction tax. 111. Any assessee who— (a) fails to collect the whole or any part of the commodities transaction tax as required under section 106; or (b) hav....

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....e provisions of section 110, by way of penalty, a sum equal to the amount of commodities transaction tax that he failed to collect; and (ii)  in the case referred to in clause (b), in addition....