In force · As amended up to 2026-08
23. Failure to comply with notices.
[1][23. Failure to comply with notices.--If any person fails, without reasonable cause, to produce or
cause to be produced, any accounts or documents required to be produced under section 8, he shall pay by
way of penalty, a sum which shall not be less than one thousand rupees, but which may extend to
twenty-five thousand rupees, for each such failure.]
[Footnotes]
1. Subs. by Act 49 of 1991, s. 110, for sections 23 to 26 (w.e.f 1-10-1991).
Source: India Code