⁶⁶[Penalty for failure to deduct tax at source.

271C. ⁶⁷[(1) If any person fails to—

          (a)  deduct the whole or any part of the tax as required by or under the provisions of Chapter XVII-B; or

          (b)  pay the whole or any part of the tax as required by or under—

       (i)  sub-section (2) of section 115-O; or

      (ii)  the second proviso to section 194B,

then, such person shall be liable to pay, by way of penalty, a sum equal to the amount of tax which such person failed to deduct or pay as aforesaid.]

 ⁶⁸[(2) Any penalty imposable under sub-section (1) shall be imposed by the ⁶⁹[Joint] Commissioner.]