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