India - Income Tax Act 2010 - Saarc

S. 271E I.T. ACT, 1961 1.912(b) pay the whole or any part of the tax as required by or under—(i) sub-section (2) of section 115-O; or(ii) the second proviso to section 194B,then, such person shall be liable to pay, by way of penalty, a sum equal to theamount of tax which such person failed to deduct or pay as aforesaid.]68[(2) Any penalty imposable under sub-section (1) shall be imposed by the69[Joint] Commissioner.]70[Penalty for failure to collect tax at source.271CA. (1) If any person fails to collect the whole or any part of the tax asrequired by or under the provisions of Chapter XVII-BB, then, suchperson shall be liable to pay, by way of penalty, a sum equal to the amount of taxwhich such person failed to collect as aforesaid.(2) Any penalty imposable under sub-section (1) shall be imposed by the JointCommissioner.]71[Penalty for failure to comply with the provisions of section 269SS.271D. 72 [(1)] If a person takes or accepts any loan or deposit in contraventionof the provisions of section 269SS, he shall be liable to pay, by wayof penalty, a sum equal to the amount of the loan or deposit so taken or accepted.]73[(2) Any penalty imposable under sub-section (1) shall be imposed by the74[Joint] Commissioner.]75[Penalty for failure to comply with the provisions of section 269T.271E. 76 [(1)] If a person repays any 77 [loan or] deposit referred to in section 269Totherwise than in accordance with the provisions of that section, he shallbe liable to pay, by way of penalty, a sum equal to the amount of the 77 [loan or]deposit so repaid.]78[(2) Any penalty imposable under sub-section (1) shall be imposed by the79[Joint] Commissioner.]68. Inserted by the Finance Act, 1990, w.e.f. 1-4-1990.69. Substituted for “Deputy” by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998.70. Inserted by the Finance Act, 2006, w.e.f. 1-4-2007.71. Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.72. Numbered as sub-section (1) by the Finance Act, 1990, w.e.f. 1-4-1990.73. Inserted, ibid.74. Substituted for “Deputy” by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998.75. Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.76. Numbered as sub-section (1) by the Finance Act, 1990, w.e.f. 1-4-1990.77. Inserted by the Finance Act, 2003, w.e.f. 1-6-2003.78. Inserted by the Finance Act, 1990, w.e.f. 1-4-1990.79. Substituted for “Deputy” by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998.