54A. Penalty for failure to comply with notices or furnish information
(1) Any person who fails to,—
- (i) comply with summons issued under sub-section (1) of section 19; or
- (ii) furnish information as required under section 21,
shall be liable to pay penalty of twenty-five thousand rupees for each such failure.
(2) The penalty under sub-section (1) shall be imposed by the authority who had issued the summons or called for the information.
(3) No order under sub-section (2) shall be passed by the authority unless the person on whom the penalty is to be imposed has been given an opportunity of being heard: Provided that no penalty shall be imposed if, such person proves that there were good and sufficient reasons which prevented him from complying with the summons or furnishing information.
