Question

What is the penalty for alteration, destruction, etc.,

of records and failure to protect the electronic database of Board?

A not less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits, whichever is higher

B not less than one lakh rupees but which may extend to ten crore rupees or three times the amount of profits, whichever is higher

C not less than one lakh rupees but which may extend to five times the amount of profits

D not less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees

E not less one lakh rupees but which may extend to one crore rupees

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What is the penalty for alteration, destruction, etc.,

Solution