Penalty for failure to furnish information or furnishing inaccurate information under section 397 (3)(d)
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
If a person, who is required to furnish information under section 397 (3)(d), fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may impose a penalty of one lakh rupees.
