Penalty

Any person who— (1) fails to file the statement referred to in section 100I within the prescribed period, or files a false statement, or (2) fails to produce the accounts, registers or documents or to furnish the information relating thereto when so required under section 100Q shall be punishable with fine which may extend to one thousand rupees and when the offence is a continuing one, with a daily fine not less than fifty rupees per day during the period of continuance of the offence.