Section 271CA:
Penalty for failure to collect tax at source.
1(1) If any person fails to collect the whole
or any part of the tax as required by or under the provisions of Chapter XVII-BB, then, such person shall
be liable to pay, by way of penalty, a sum equal to the amount of tax which such person failed to collect
as aforesaid.
(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner.
Notes:
1. Ins. by Act 21 of 2006, s. 52 (w.e.f. 1-4-2007).