Section 271BA:
Penalty for failure to furnish report under section 92E.
1If any person fails to furnish a
report from an accountant as required by section 92E, the Assessing Officer may direct that such person
shall pay, by way of penalty, a sum of one hundred thousand rupees.
Notes:
1. Ins. by Act 14 of 2001, s. 89 (w.e.f. 1-4-2002).