Section 271-I:
Penalty for failure to furnish information or furnishing inaccurate information under section 195.
1If a person, who is required to furnish information under sub-section (6) of section
195, fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may
direct that such person shall pay, by way of penalty, a sum of one lakh rupees.
Notes:
1. Ins. by Act 20 of 2015, s. 75 (w.e.f. 1-6-2015).