Amendment reduces prison severity for fraudulent concealment or transfer of property to obstruct tax recovery, effective April 2026. The amendment substitutes the existing penalty of rigorous imprisonment up to two years and a fine for fraudulent removal, concealment, transfer or ... Summary
Amendment reduces prison severity for fraudulent concealment or transfer of property to obstruct tax recovery, effective April 2026.
The amendment substitutes the existing penalty of rigorous imprisonment up to two years and a fine for fraudulent removal, concealment, transfer or delivery of property intended to prevent its seizure under execution, with simple imprisonment up to two years and a fine, effective 1 April 2026.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.