126. Penalty for non-compliance with notice.-

126. Penalty for non-compliance with notice.- 

Where any person has, without reasonable cause, failed to comply with any notice issued under sections 79,80 ¹[or under sub-section (1) or (2) of section 83] the Deputy Commissioner of  Taxes  may  impose  on  him  a  penalty  not  exceeding  the  amount  of  tax chargeable on the total income of such person.

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¹Subs. for "or 83" by F.A. 1991

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