False statement offence under commodities transaction tax triggers criminal penalty and fine and is classified as non-cognizable. The provision criminalizes making a false statement in any verification under the Chapter or delivering an account or statement known or believed to be ... Summary
False statement offence under commodities transaction tax triggers criminal penalty and fine and is classified as non-cognizable.
The provision criminalizes making a false statement in any verification under the Chapter or delivering an account or statement known or believed to be false, punishable with imprisonment up to three years and fine, and designates the offence as non-cognizable notwithstanding the Code of Criminal Procedure, 1973.
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