Income-tax falsification penalty changed to simple imprisonment up to two years and fine, effective retrospectively. Amendment substitutes simple imprisonment for a term up to two years and liability to fine in place of prior rigorous imprisonment for falsification of ... Summary
Income-tax falsification penalty changed to simple imprisonment up to two years and fine, effective retrospectively.
Amendment substitutes simple imprisonment for a term up to two years and liability to fine in place of prior rigorous imprisonment for falsification of books or documents committed wilfully with intent to enable tax evasion; the substitution is deemed effective from 1 March 2026 and does not alter the offence's mens rea or core factual elements.
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