Penalties

If any person.- (a) required under section 5 to maintain records or to submit returns, fails to keep or submit the same in the prescribed form or manner or submit a return which is false; or (b) intentionally obstructs an Inspecting Officer in the exercise of his powers and discharge of his duties under this Act and the rules made thereunder; or (c) contravenes any of the provisions of this Act or the rules made thereunder; shall be liable to pay fine, not exceeding one lac rupees, as may be determined by the prescribed authority.