False verification statement in wealth-tax filings now attracts criminal penalties including imprisonment or fine. The amendment adds a provision to section 36 making it an offence to make a false statement in the verification under section 34AB when the person knows or believes it to be false or does not believe it to be true; the offence is punishable by imprisonment, fine, or both.
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 verification statement in wealth-tax filings now attracts criminal penalties including imprisonment or fine.
The amendment adds a provision to section 36 making it an offence to make a false statement in the verification under section 34AB when the person knows or believes it to be false or does not believe it to be true; the offence is punishable by imprisonment, fine, or both.
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