Section 271E. Penalty for failure to comply with the provisions of section 269T

271E. Penalty for failure to comply with the provisions of section 269T. —[11] [(1)] If a person repays any[12] [loan or deposit][13] [or specified advance] referred to in section 269T otherwise than in accordance with the provisions of that section, he shall be liable to pay, by way of penalty, a sum equal to the amount of the[12] [loan or deposit][13] [or specified advance] so repaid.] 14[(2) Any penalty imposable under sub-section (1) shall be imposed by the 5[Joint Commissioner].] 1. Ins. by Act 4 of 1988, s. 108, (w.e.f. 1-4-1989). 2. Subs. by Act 26 of 1997, s. 53, for sub-section (1), (w.e.f. 1-6-1997). Earlier it was amended by Act 12 of 1990, s. 44 (w.e.f. 1-4-1990). 3. Section 271C renumbered as sub-section (1) thereof by Act 12 of 1990, s. 44 (w.e.f. 1-4-1990). 4. Ins. by s. 44, ibid (w.e.f. 1-4-1990). 5. Subs. by Act 21 of 1998, s. 3, for "Deputy Commissioner" (w.e.f. 1-10-1998). 6. Ins. by Act 21 of 2006, s. 52 (w.e.f. 1-4-2007). 7. Section 271D renumbered as sub-section (1) thereof by Act 12 of 1990, s. 45 (w.e.f. 1-4-1990). 8. Ins. by Act 20 of 2015, s. 71 (w.e.f. 1-6-2015). 9. Ins. by Act 12 of 1990, s. 45 (w.e.f. 1-4-1990). 10. Ins. by Act 7 of 2017, s. 85 (w.e.f. 1-4-2017). 11. Section 271E renumbered as sub-section (1) thereof by Act 12 of 1990, s. 46 (w.e.f. 1-4-1990). 12. Subs. by Act 32 of 2003, s. 95, for "Deposit" (w.e.f. 1-6-2003). 13. Ins. by Act 20 of 2015, s. 72 (w.e.f. 1-6-2015). 14. Ins. by 12 of 1990, s. 46 (w.e.f. 1-4-1990).