[1][272A. Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.

(1) If any person,

(a) being legally bound to state the truth of any matter touching the subject of his assessment, refuses to answer any question put to him by an income-tax authority in the exercise of its powers under this Act; or

(b) refuses to sign any statement made by him in the course of any proceedings under this Act, which an income-tax authority may legally require him to sign; or

(c) to whom a summons is issued under sub-section (1) of Section 131 either to attend to give evidence or produce books of account or other documents at a certain place and time omits to attend or produce books of account or documents at the [2][place or time; or]

[3][(d) fails to comply with a notice under sub-section (1) of Section 142 or sub-section (2) of Section 143 or fails to comply with a direction issued under sub-section (2A) of Section 142,]

(d) [4][* * * *]

he shall pay, by way of penalty, [5][a sum of ten thousand rupees] for each such default or failure.

(2) If any person fails

(a) to comply with a notice issued under sub-section (6) of Section 94; or

(b) to give the notice of discontinuance of his business or profession as required by sub-section (3) of Section 176; or

(c) to furnish in due time any of the returns, statements or particulars mentioned in Section 133 or Section 206[6][* * *] [7][or Section 206C] or Section 285B; or