Penalty for failure to collect or pay banking cash transaction tax

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.... or pay banking cash transaction tax.- Any assessee who- (a) fails to collect the whole or any part of the banking cash transaction tax as required under section 97; or (b) having collected the ....

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.... way of penalty, a sum equal to the amount of banking cash transaction tax that it failed to collect; and (ii) in the case referred to in clause (b), in addition to paying the tax in accordance with....