Penalty re Failure to Comply with s. 254 Survey Order

Section 466 — - PENALTY RE FAILURE TO COMPLY WITH S. 254 SURVEY ORDER

Section 466 of the Income-tax Act, 2025 corresponds to s. 272AA of the Income-tax Act, 1961.

STATUTORY ARCHITECTURE

Penalty up to INR 1,000 per day during continuance of failure.

PRACTITIONER PLANNING NOTES

• Survey-team compliance; provide books, allow inspection.

CROSS-REFERENCES

• s. 439 (under-reporting or misreporting -- master penalty).
• s. 440 (immunity application).
• s. 469 or 470 (waiver or reasonable-cause).
• s. 471 or 472 (procedure or limitation).