# The Finance Act, 1987, Section 68: Insertion of new section 272BB

- Act: The Finance Act, 1987 (Act 11 of 1987)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1987/section/68/

## Text

Insertion of new section 272BB 68. In the Income-tax Act, after section 272B, the following section shall be inserted with effect from the 1st day of June,1987, namely: — Penalty for failure to comply with the provisions of section 203A "272BB. (1)If a person fails to comply with the provisions of section 203A, he shall, on an order passed by the Income-tax Officer, pay, by way of penalty, a sum which may extend to five 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.". [Finance Act, 1987] © Copyright. Taxmann Publications Pvt. Ltd.

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