The Assessing Officer or the Joint Commissioner (Appeals) or the Commissioner (Appeals), may impose a penalty equal to the aggregate amount of false or omitted entry, where during any proceeding under this Act, it is found that in the books of account maintained by any person there is— (a) a false entry; or(b) an omission […]

(1) If during any proceedings under this Act, it is found that a registered non-profit organisation has any specified income which is chargeable to tax as persection 337 (Table: Sl. No. 2), the Assessing Officer may impose on such person, a penalty of—(a) a sum equal to the aggregate amount of income applied, directly or

If any person fails to get his accounts audited for any tax year or years or furnish the audit report as required under section 63, the Assessing Officer mayimpose a penalty on such person, which shall be the lesser of––(a) 0.5% of the total sales, turnover, or gross receipts in business, or the gross receipts

If any person fails to furnish a report from an accountant as required by section 172, the Assessing Officer may impose a penalty of one lakh rupees on such person.

(1) If any person fails to— (a) deduct the whole or in part, the tax as required under Chapter XIX-B; or(b) pay or ensure the payment of, the whole or any part of the tax as required by or under— (i) Note 3 in Table in section 393(3); or(ii) Note 6 to section 393(1) (Table: Sl.

(1) If any person fails to collect the whole or in part, the tax as required under Chapter XIX-B, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to collect. Related Resources New Income Tax Act, 2025 vs Old Income Tax Act, 1961

If a person takes or accepts any loan or deposit or specified sum in contravention of the provisions of section 185, the Assessing Officer may impose on him, a penalty equal to the amount of the loan or deposit or specified sum so taken or accepted.

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 exceptwhere he proves that there were good and sufficient reasons for the said contravention.

The Assessing Officer may impose on a person, a penalty of five thousand rupees for every day of the duration of failure where he fails to provide afacility for accepting payments through the prescribed electronic modes of payment, as referred to in section 187 except when he proves that there were good and sufficient reason

If a person repays any loan or deposit or specified advance referred to in section 188 otherwise than in accordance with the provisions of that section, theAssessing Officer may impose on him, a penalty equal to the loan or deposit or specified advance so repaid