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<h1>Classification of offences under MGL: evasion below threshold non-cognizable and bailable; above threshold cognizable and non-bailable.</h1> In terms of Section 73(3) and 73(4) of MGL, offences with tax evasion below the prescribed monetary threshold are non-cognizable and bailable, while offences where tax evasion exceeds that threshold are cognizable and non-bailable.