Willful failure to produce accounts carries criminal punishment including imprisonment and fine under specified tax notice and direction provisions. Willful failure to produce, or cause to be produced, accounts and documents specified in a tax notice or to comply with a tax direction attracts a ... Summary
Willful failure to produce accounts carries criminal punishment including imprisonment and fine under specified tax notice and direction provisions.
Willful failure to produce, or cause to be produced, accounts and documents specified in a tax notice or to comply with a tax direction attracts a criminal penalty consisting of rigorous imprisonment and a fine, imposing penal consequences for non compliance with document production obligations under the income tax framework.
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