Consequences if the person fails to comply with the provisions of section 139A [ Section 272B ] - Income Tax - Ready Reckoner - Income Tax

Consequences if the person fails to comply with the provisions of section 139A 1. As per Where any person fails to comply with the provisions of section 139A, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of 10,000. [ Section 272B(1) ] 2. QUOTING OR INTIMATING PAN WHICH IS FALSE Similarly, if a person who is required to- Quote the permanent account number in any document referred to in section139A(5)(c); or Intimate such number as required under section 139A(5A), or Intimate such number as required under section 139A(5C). quotes or intimates a number which is false, and which he either knows or believes to be false or does not believe to be true, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of 10,000 for each such default. [ Section 272B(2) ] 3. No order u/s 272B(1) or (2) shall be passed unless the person to whom the penalty is proposed to be imposed is given an opportunity of being heard in the matter. [ Section 272B(3) ]