Section 271DA:
Penalty for failiure to comply with provisions of section 269ST.
1(1) If a person
receives any sum in contravention of the provisions of section 269ST, he shall be liable to pay, by way of
penalty, a sum equal to the amount of such receipt:
Provided that no penalty shall be imposable if such person proves that there were good and sufficient
reasons for the contravention.
(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner.
Notes:
1. Ins. by Act 7 of 2017, s. 85 (w.e.f. 1-4-2017).