Section 269 - Penalty for Failure to Pay Advance Tax, etc
Where in the course of any proceedings relating to the assessment of tax under part-10 the Deputy Commissioner of Taxes is satisfied that any person-
(a) has, without reasonable cause, failed to pay advance tax in accordance with the provisions of section 154; or
(b) furnishes any such estimate of tax payable by him under section 155 which to his knowledge or belief is untrue,
In that case may impose on such person a maximum penalty which is not more than the difference between the tax payable by such person and the tax actually paid.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.