# The Finance Act, 2001, Section 89: Amendment of section 271BA

- Act: The Finance Act, 2001
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2001/section/89/

## Text

Insertion of new section 271BA. 89. After section 271B of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2002, namely:— "271BA. Penalty for failure to furnish report under section 92E.—If any person fails to furnish a report from an accountant as required by section 92E, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of one hundred thousand rupees.". © Copyright. Taxmann Publications Pvt. Ltd.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.