<s>[INST] When penalty under Section 272AA shall be imposed? [/INST] ​​The Income-tax authorities are empowered under Section 133B to enter the place of business of the taxpayer to collect information which may be useful under the Act. The information required to be furnished shall be furnished in Form 45D. If a person fails to furnish such information, a penalty shall be imposed on him under section 272AA.​ </s>