Insertion of new section 234G.

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....to the provisions of this Act, where,-- (a) the research association, university, college or other institution referred to in clause (ii) or clause (iii) or the company referred to in clause (iia) of sub-section (1) of section 35 fails to deliver or cause to be delivered a statement within the time prescribed under clause (i), or furnish a certificate prescribed u....

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....f the Bill seeks to insert a new section 234G of the Income-tax Act relating to fee for default relating to statement or certificate. Sub-section (1) of the proposed section provides that without prejudice to the provisions of that Act, where the research association, university, college or other institution or the company fails to deliver or cause to be delivered a statement within the time pr....