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Income-tax Act Section 450
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The Income-tax Act, 2025

Section 450 Penalty for failure to comply with provisions of section 185

Chapter
XXI · Penalties
If a person takes or accepts any loan or deposit or specified sum in contravention of the provisions of section 185, the Assessing Officer may impose on him, a penalty equal to the amount of the loan or deposit or specified sum so taken or accepted.