Penalty provision

Under 271AA(2)
If any person fails to furnish the information and the document as required under sub-section (4) of section 92D, the prescribed income-tax authority referred to in the said sub-section may direct that such person shall pay, by way of penalty, a sum of 5 lakh.


Under 271GB(4)
Where a reporting entity referred to in section 286 provides inaccurate information in the report furnished in accordance with sub-section (2) of the said section and where—

 (a) the entity has knowledge of the inaccuracy at the time of furnishing the report but fails to inform the prescribed authority; or

 (b) the entity discovers the inaccuracy after the report is furnished and fails to inform the prescribed authority and furnish correct report within a period of fifteen days of such discovery; or

 (c) the entity furnishes inaccurate information or document in response to the notice issued under sub-section (6) of section 286,

then, the prescribed authority may direct that such person shall pay, by way of penalty, a sum of 5 lakhs.

My query is both are applicable to constituent entity and is that the duplication of penalty?

Both sections are different and there is no duplication of penalty.