Section 462
Penalty for failure to furnish information or furnishing inaccurate information under section 397(3)(d).
About this Act
An Act to consolidate and amend the law relating to income-tax.
If any person, who is required to furnish information under section 397(3)(d), fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may impose a penalty of ₹ 100000 on such person.