(1)
If any person, who is under an obligation to furnish any return or information
by or under this Act refuses or, except for reasons beyond his control, fails
to furnish the return or information within the prescribed time, or furnishes
any return or information which he knows or has reason to believe to be false,
he shall be punished by a Revenue Officer with fine which may extend to
five thousand rupees.
(2) Without prejudice to the provisions of sub-section (1), where any such person fails to furnish the return or furnishes a false return, the Revenue Officer may, after giving him an opportunity of being heard by an order, giving reasons therefor, himself prepare the return for such person and such return shall, for all purposes, be deemed to be the return furnished by such person.
(2) Without prejudice to the provisions of sub-section (1), where any such person fails to furnish the return or furnishes a false return, the Revenue Officer may, after giving him an opportunity of being heard by an order, giving reasons therefor, himself prepare the return for such person and such return shall, for all purposes, be deemed to be the return furnished by such person.