Penalty for failure to comply with the provisions of section 206CA.272BBB.
(1) If a person
fails to comply before the 1st day of October, 2004 with the provisions of section 206CA
, he shall, on an order passed by the Assessing Officer, pay, by way of penalty, a sum of ten thousand rupees.(2) No order under sub-section (1) shall be passed unless the person on whom the penalty is proposed to be imposed, is given an opportunity of being heard in the matter.