PENALTIES
Penalty for failure to comply with the provisions of section 254.
466. If a person fails to comply with the provisions of section 254., the Joint Commissioner, Deputy Director or Assistant Director or the Assessing Officer, may impose a penalty which may extend up to Rs["25000"] on him.
1 Substituted by The Finance Bill 2026 dated 01.02.2026 w.e.f. 01.04.2026
For the Word
1000
Shall be Substituted namely:
"25000"