Penalties

If any person,-- (a) required under section 6 to maintain records or to submit returns, fails to keep or submit the same in the prescribed form or manner or submits a return which is false ; or (b) intentionally obstructs an Inspecting Officer in the exercise of his powers and duties under this Act and the rules made thereunder ; or (c) contravenes the provisions of any rule made under this Act, he shall be liable to pay fine, not exceeding one lakh rupees, as may be determined by the prescribed authority.