271-I. Penalty for failure to furnish information or furnishing inaccurate information under section 195

271-I Penalty for failure to furnish information or furnishing inaccurate information under section 195 If a person, who is required to furnish information under sub-section (6) of section 195, fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of one lakh rupees. Penalty for furnishing incorrect information in reports or certificates. 4354 4354 Ins. by Act 20 of 2015, s. 75 (w.e.f. 1-6-2015).