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
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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.
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