Penalty for failure to comply with the provisions of section 206CA.

1. (1) If a person 8[fails to comply before the 1st day of October, 2004] with the provisions of section 206CA, he shall, on an order passed by the Assessing Officer, pay, by way of penalty, a sum of ten thousand rupees.
2. (2) No order under sub-section (1) shall be passed unless the person on whom the penalty is proposed to be imposed, is given an opportunity of being heard in the matter.]

¹ Ins. by Act 20 of 2002, s. 104 (w.e.f. 1-6-2002).

² Ins. by Act 23 of 2004, s. 57 (w.e.f 1-4-2005).

³ Ins. by Act 11 of 1987, s. 68 (w.e.f. 1-6-1987).

⁴ Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 1-4-1988).

⁵ Subs. by Act 14 of 2001, s. 93, for “a sum which may extend to five thousand rupees” (w.e.f. 1-6-2001).

⁶ Ins. by Act 21 of 2006, s. 54 (w.e.f. 1-6-2006).

⁷ Ins. by Act 20 of 2002, s. 105 (w.e.f. 1-6-2002).

⁸ Subs. by Act 23 of 2004, s. 58, for “fails to comply” (w.e.f. 1-10-2004).