False verification statements attract criminal imprisonment and monetary penalty under the Black Money Act provisions. A person who, in any verification under the Act or rules thereunder, or by delivering an account or statement, makes a statement which is false and which ... Summary
Referred In :
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
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.
False verification statements attract criminal imprisonment and monetary penalty under the Black Money Act provisions.
A person who, in any verification under the Act or rules thereunder, or by delivering an account or statement, makes a statement which is false and which he either knows or believes to be false, or does not believe to be true, shall be punishable with rigorous imprisonment for a term not less than the minimum statutory period and potentially extending to a longer term, and with fine.
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