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

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

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.

Where this provision sits

Act	The Income-tax Act, 1961
Section	271-I
Marginal note	Penalty for failure to furnish information or furnishing inaccurate information under section 195
Jurisdiction	Central
Status	Repealed

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