Home > Income Tax Act 2025 > Section-447Last Updated: Oct 03rd 2025
Section-447 seeks to provide for imposition of penalty for failure to furnish a report from an accountant as required by clause 172. Learn to understand the section-447 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
If any person fails to furnish a report from an accountant as required by section 172, the Assessing Officer may impose a penalty of ₹100000 on such person.
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