Imposition of penalty in certain cases

Where any proprietor liable to pay tax under this Act-

1. (a) fails without sufficient cause or neglects to furnish a return as required by sub-section (lj of sectibn 6, or
2. (b) while furnishing a return under sub-section (1) of section 6 fails, without sufficient cause or neglects, to pay into Government treasury the whole amount of tax due from him according to such return as required by sub- section (3) of section 6, or
3. (c) fails without sufficient cause, to comply with the terms of notice issued to him under clause (a) of sub- section

1. (2) of section 7, or
   • (d) conceals the particulars of any transaction or deliberately furnishes inaccurate par titulars of any transaction liable to tax, the assessing authority may impose upon such proprietor by way of penalty, in addition to any tax assessed under section 7, a sum not exceeding one and a half times the amount of the tax.