Section 451 — Penalty for failure to comply with provisions of section 186
Old Act equivalent: Section 271DA of IT Act 1961 Sub-part: A—Penalties
Statutory Text
- The Assessing Officer may impose on a person, a penalty equal to the sum received by him in contravention of the provisions of section 186. Penalty for failure to comply with provisions of section 187.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Person who receives sum in contravention of section 186.
- Conditions: Receiving cash exceeding prescribed limit.
- Time limits: None specified.
- Monetary limits: Sum equal to the amount received.
- Exceptions: Penalty imposable by Joint Commissioner.
Cross-References
- Section 186
- Section 187
Amendment Notes
None noted from the extracted pages.