Section 108B

Penalty for failure to furnish information return.—Where the person who is required to furnish information under section 108A fails to do so within the period specified in the notice issued under sub -section (3) thereof, the proper officer may direct such person to pay, by way of penalty, a sum of one hundred rupees for each day of the period during which the failure to furnish such information continue.]

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108B. Penalty for failure to furnish information return.—Where the person who is required to furnish information under section 108A fails to do so within the period specified in the notice issued under sub -section (3) thereof, the proper officer may direct such person to pay, by way of penalty, a sum of one hundred rupees for each day of the period during which the failure to furnish such information continue.]