The penalties leviable post issue of notice u/s 143(2) are:
U/s 271(1)(b) for Non compliance-Max Rs 10,000 for each occasion
U/s 271(1)(c) for concealment of furnishing inaccurate particulars of income 100% to 300% of tax on such income
u/s 271D for failure to comply with section 269SS equal to the amount of loan or deposit accepted
u/s 271E for failure to comply with section 269T equal to the sum/loan repaid
further penalties u/s 271A, 271B may also be levied if found during the assessment proceedings that assessee has not maintined prescribed books of accounts or failed to get them audite if required.