Section 441 Income Tax Act 2025
Failure to keep, maintain or retain books of account, documents, etc.
441. A penalty of ₹ 25000 may be imposed on a person by the Assessing Officer or the Joint Commissioner (Appeals) or the Commissioner (Appeals), if he fails to—
| (a) | keep and maintain the books of account and other documents as per section 62 or the rules made thereunder, in respect of any tax year; or |
| (b) | retain such books of account and other documents for the period specified in the said rules. |