1(1) If a person receives any sum in contravention of the provisions of
section 269ST, he shall be liable to pay, by way of penalty, a sum equal to the
amount of such receipt:
Provided that no penalty shall be imposable if such person proves that there
were good and sufficient reasons for the contravention.
(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint
Commissioner.
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1. Ins. by Act 7 of 2017, s. 85 (w.e.f. 1-4-2017).
Section 271C Penalty for failure to deduct tax at source
Section 271CA Penalty for failure to collect tax at source
Section 271D Penalty for failure to comply with the provisions of section 269SS
Section 271DA Penalty for failure to comply with provisions of section 269ST
Section 271E Penalty for failure to comply with the provisions of section 269T
Section 271F Penalty for failure to furnish return of income
Section 271FA Penalty for failure to furnish statement of financial transaction or reportable income
Section 271FB Penalty for failure to furnish return of fringe benefits