Amendment of section 272B.

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....ay be," shall be substituted; (ii) for the words "ten thousand rupees", the words "ten thousand rupees for each such default" shall be substituted; (b) after sub-section (2), the following sub-sections shall be inserted, namely:-- "(2A) If a person, who is required to quote his permanent account number or Aadhaar number, as the case may be, in documents referred to in sub-sect....

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....ch such default."; (c) in sub-section (3), for the word, brackets and figure "sub-section (2)", the words, brackets, figures and letters "sub-section (2) or sub-section (2A) or sub-section (2B)" shall be substituted. - Clause 64 of the Bill seeks to amend section 272B of the Income tax Act relating to penalty for failure to comply with the provisions of section 139A. The said section, i....

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....section (2B) to provide that if a person who is required to ensure that the permanent account number or the Aadhaar number, as the case may be, quote in the documents relating to transaction prescribed in clause (c) of sub-section (5) of section 139A or authenticate such number in respect of transactions prescribed under sub-section (6A) of that section, fails to do so, the Assessing Officer may d....