Furnishing of return on acquisition by lease of any land in excess of cultivat-

(1) If, on or after the notified date, any person acquires by lease any land which together with the land, if any, already held by him, exceeds in the aggregate the cultivating tenant's ceiling area, he shall, within ninety days of such acquisition furnish to the authorized officer within whose jurisdiction the land or the major part thereof is situated, a return containing such particulars as may be prescribed. (2) If he furnishes the return or fails to furnish the return or furnishes an incorrect or incomplete return, within the period specified in sub-section (1), the provisions of sub-sections (2) and (3) of section 61 and other provisions of this Chapter shall, as far as may be, apply as if it were a return required to be furnished under sub-section (1) of section 61.