82[Penalty for failure to furnish return of fringe benefits.
271FB. If an employer, who
is required to furnish a return of fringe benefits, as required under sub-section
(1) of section 115WD, fails to furnish such
return within the time prescribed under that sub-section, the Assessing Officer
may direct that such employer shall pay, by way of penalty, a sum of one
hundred rupees for every day during which the failure continues.]