Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Wilful non-compliance with special audit or valuation directions attracts imprisonment, fine, or both under income-tax law. Failure to comply with a direction for special audit or valuation under section 142(2A) is an offence when the non-compliance is wilful. The provision ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Wilful non-compliance with special audit or valuation directions attracts imprisonment, fine, or both under income-tax law.
Failure to comply with a direction for special audit or valuation under section 142(2A) is an offence when the non-compliance is wilful. The provision prescribes simple imprisonment for up to six months, or fine, or both, for deliberate disobedience of the statutory direction issued under the assessment machinery.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.