Section 468 Penalty for failure to comply with the provisions of section 397
- Chapter
- XXI · Penalties
(1) If a person fails to comply with the provisions of section 397, the Assessing Officer may impose a penalty of ₹10000 on him.
(2) If a person, required to quote his Tax Deduction and Collection Account Number in challans, certificates statements or other documents referred to in section 397(1)(b), quotes a number which is false, knowing or believing it to be false or not true, the Assessing Officer may impose a penalty of ₹10000 on him.