Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
False statement liability triggers consequences when required corporate documents contain material falsehoods or deliberate omissions. If any return, report, certificate, financial statement, prospectus, statement or other document required under the Act contains a statement that is false in any material particulars knowing it to be false, or omits any material fact knowing it to be material, the responsible person shall be liable under section 447.
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.
Provisions expressly mentioned in the judgment/order text.
False statement liability triggers consequences when required corporate documents contain material falsehoods or deliberate omissions.
If any return, report, certificate, financial statement, prospectus, statement or other document required under the Act contains a statement that is false in any material particulars knowing it to be false, or omits any material fact knowing it to be material, the responsible person shall be liable under section 447.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.