| (a) | - | fails to collect the whole or any part of the banking cash transaction tax as required under section 97; or |
| (b) | - | having collected the banking cash transaction tax, fails to pay such tax to the credit of the Central Government in accordance with the provisions of sub-section (2) of section 97, |
| (i) | - | in the case referred to in clause (a), in addition to paying the tax in accordance with the provisions of sub-section (3) of section 97, or interest, if any, in accordance with the provisions of section 101, by way of penalty, a sum equal to the amount of banking cash transaction tax that it failed to collect; and |
| (ii) | - | .... To read the full section download the app from Google Play store
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