Insertion of new section 234E.

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....ing statements.      234E. (1) Without prejudice to the provisions of the Act, where a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every day during which the failure continue....

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....e 86 of the Bill seeks to insert a new sub-heading "G.-Levy of fee in certain cases" and a new section 234E in the Income-tax Act relating to fee for defaults in furnishing statements. It is proposed to insert a new section 243E so as to provide that- (1) Without prejudice to the provisions of the Act, where a person fails to deliver or cause to be delivered a statement within the time presc....