448.If any person fails to— (a) deduct the whole or any part of the tax as required under Chapter XIX-B; or (b)pay or ensure the payment of, the whole or any part of the tax as required by or under— (i)Note 2 below theTable in section 393(3); or (ii)Note 6 to section 393(1)(Table: Sl. No. 8), then, the Assessing Officer may impose on him,a penalty equal to the tax which such person failed to deduct orpay or ensure payment of, as a foresaid.