Income-tax Act, 1961

Penalty for false entry, etc., in books of account.

271AAD. (1) Without prejudice to any other provisions of this Act, if during any proceeding under this Act, it is found that in the books of account maintained by any person there is-

(i)	-	a false entry; or
(ii)	-	an omission of any entry which is relevant for computation of total income of such person, to evade tax liability,

the Assessing Officer or ^8-9[the Joint Commissioner (Appeals) or] the Commissioner (Appeals), may direct that such person shall pay by way of penalty a sum equal to the aggregate amount of such false or omitted entry.

(2) Without prejudice to the provisions of sub-section (1), the Assessing Officer or ^8-9[the Joint Commissioner (Appeals) or] the Commissioner (Appeals) may direct that any other person, who causes the person referred to in sub-section (1) in any manner to make a false entry or omits or causes to omit any entry referred to in that sub-section, shall pay by way of penalty a sum equal to the aggregate amount of such false or omitted entry.

Explanation.-For the purposes of this section, "false entry" includes use or intention to use-

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