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[Cites 0, Cited by 0] [Section 427] [Entire Act]

Union of India - Subsection

Section 427(1) in The Income Tax Act, 2025

(1)Without prejudice to the provisions of this Act, where a person fails to deliver or cause to be delivered a statement within the time prescribed in section 397(3)(b), he shall be liable to pay, by way of fee, a sum of ₹200 for every day during which the failure continues.