Section 447 — Penalty for failure to furnish report under section 172

Amendment history

• [118] Omitted by Finance Act, 2026, w.e.f. 01.04.2026, for the followings:- "447. Penalty for failure to furnish report under section 172 If any person fails to furnish a report from an accountant as required by section 172, the Assessing Officer may impose a penalty of Rs.100000 on such person."