India - Income Tax Act 2010 - Saarc

1.917 CH. XXI - PENALTIES IMPOSABLE S. 273(3) No order under sub-section (1) or sub-section (2) shall be passed unless theperson, on whom the penalty is proposed to be imposed, is given an opportunityof being heard in the matter.]13[Penalty for failure to comply with the provisions of section 203A.272BB. (1) If a person fails to comply with the provisions of section 203A, heshall, on an order passed by the 14 [Assessing] Officer, pay, by way ofpenalty, 15 [a sum of ten thousand rupees].16[(1A) If a person who is required to quote his “tax deduction account number”or, as the case may be, “tax collection account number” or “tax deduction andcollection account number” in the challans or certificates or statements or otherdocuments referred to in sub-section (2) of section 203A, quotes a number whichis false, and which he either knows or believes to be false or does not believe tobe true, the Assessing Officer may direct that such person shall pay, by way ofpenalty, a sum of ten thousand rupees.](2) No order under sub-section (1) 16 [or sub-section (1A)] shall be passed unlessthe person on whom the penalty is proposed to be imposed is given an opportunityof being heard in the matter.]17[Penalty for failure to comply with the provisions of section 206CA.272BBB. (1) If a person fails to comply 18 [before the 1st day of October,2004] with the provisions of section 206CA, he shall, on an orderpassed by the Assessing Officer, pay, by way of penalty, a sum of ten thousandrupees.(2) No order under sub-section (1) shall be passed unless the person on whom thepenalty is proposed to be imposed, is given an opportunity of being heard in thematter.]19[False estimate of, or failure to pay, advance tax.273. 20 [(1) If the 21 [Assessing] Officer, in the course of any proceedings inconnection with the regular assessment 22 for any assessment year, issatisfied that any assessee—(a) has furnished under clause (a) of sub-section (1) of section 209A astatement of the advance tax payable by him which he knew or hadreason to believe to be untrue, or13. Inserted by the Finance Act, 1987, w.e.f. 1-6-1987.14. Substituted for “Income-tax” by the Direct Tax Laws (Amendment) Act, 1987, w.e.f.1-4-1988.15. Substituted for “a sum which may extend to five thousand rupees” by the Finance Act,2001, w.e.f. 1-6-2001.16. Inserted by the Finance Act, 2006, w.e.f. 1-6-2006.17. Inserted by the Finance Act, 2002, w.e.f. 1-6-2002.18. Inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-10-2004.19. Substituted by the Finance Act, 1969, w.e.f. 1-4-1970.20. Inserted by the Finance Act, 1978, w.e.f. 1-6-1978.21. Substituted for “Income-tax” by the Direct Tax Laws (Amendment) Act, 1987, w.e.f.1-4-1988.22. For the meaning of the term “regular assessment”, see Taxmann’s Direct Taxes Manual,Vol. 3.