[Penalty for failure to comply with the provisions of section 269SS.
271D. [(1)] If a person takes or accepts any loan or deposit “or specified sum” in contravention of the provisions of section 269SS, he shall be liable to pay, by way of penalty, a sum equal to the amount of the loan or deposit so taken or accepted.]
[(2) Any penalty imposable under sub-section (1) shall be imposed by the [Joint] Commissioner.]
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