False statement in verification creates criminal liability with imprisonment term and fine under the expenditure-tax legal framework. False statements in any verification, account or statement under the Expenditure-tax Act are a criminal offence where the maker knows, believes the ... Summary
False statement in verification creates criminal liability with imprisonment term and fine under the expenditure-tax legal framework.
False statements in any verification, account or statement under the Expenditure-tax Act are a criminal offence where the maker knows, believes the statement is false, or does not believe it to be true; conviction attracts rigorous imprisonment for a statutory term and a fine.
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