Penalty for furnishing incorrect information in reports or certificates.

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Full Text of the Document

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...., in the course of any proceedings under this Act, finds that an accountant or a merchant banker or a registered valuer has furnished incorrect information in any report or certificate furnished under any provision of this Act or the rules made thereunder, the Assessing Officer or ^2A[the Joint Commissioner (Appeals) or the Commissioner (Appeals)] may direct that such accountant or merchant banker....