Abetment of false return threshold increased, raising required evasion amount; maximum lesser term imprisonment reduced by legislation. Amendment to section 278 increases the monetary threshold of tax, penalty or interest evasion that triggers the higher severity punishment and reduces the ... Summary
Abetment of false return threshold increased, raising required evasion amount; maximum lesser term imprisonment reduced by legislation.
Amendment to section 278 increases the monetary threshold of tax, penalty or interest evasion that triggers the higher severity punishment and reduces the maximum statutory imprisonment applicable to lesser cases, while maintaining the two tier structure premised on abetment, inducement or assistance in making false accounts, statements or declarations or committing the specified offence.
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