Failure to provide inspection access under income tax law results in criminal liability with potential imprisonment and fine. Clause 474 penalises failure to afford an authorised officer the facility to inspect books of account or other documents under section 247(1)(b)(ii), ... Summary
Failure to provide inspection access under income tax law results in criminal liability with potential imprisonment and fine.
Clause 474 penalises failure to afford an authorised officer the facility to inspect books of account or other documents under section 247(1)(b)(ii), creating criminal liability by prescribing rigorous imprisonment and a fine for persons who deny or obstruct the required inspection.
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