Income-tax Act, 2025
Penalty for failure to furnish report under section 172 - Section 447
Penalty for failure to furnish report under section 172.447. 11[***]
11. Omtt. by Act No. 4 of 2026, w.e.f. 1-4-2026. Prior to its omission, section 447 read as under :
"447. Penalty for failure to furnish report under section 172.If any person fails to furnish a report from an accountant as required by section 172, the Assessing Officer may impose a penalty of Rs. 100000 on such person." .... To read the full section download the app from Google Play store
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