Income-tax Act, 1961

Section - 271 - Failure to furnish returns, comply with notices, concealment of income, etc

Failure to furnish returns, comply with notices, concealment of income, etc.

271. (1) If the Assessing Officer or the ⁹⁸[Joint Commissioner (Appeals) or the] Commissioner (Appeals) or the Principal Commissioner or Commissioner in the course of any proceedings under this Act, is satisfied that any person-

(a)	-	[***]
(b)	-	has failed to comply with a notice under sub-section (2) of section 115WD or under sub-section (2) of section 115WE or under sub-section (1) of section 142 or sub-section (2) of section 143 or fails to comply with a direction issued under sub-section (2A) of section 142, or
(c)	-	has concealed the particulars of his income or furnished inaccurate particulars of such income, or
(d)	-	has concealed the particulars of the fringe benefits or furnished inaccurate particulars of such fringe benefits,