False verification statements attract criminal liability, permitting imprisonment or fine under wealth-tax penal provision for offenders. Section 35E penalises making a false statement in the verification mentioned in section 34AB of the Wealth Tax Act where the person knows or believes it ... Summary
False verification statements attract criminal liability, permitting imprisonment or fine under wealth-tax penal provision for offenders.
Section 35E penalises making a false statement in the verification mentioned in section 34AB of the Wealth Tax Act where the person knows or believes it to be false, or does not believe it to be true; such conduct attracts punishment by imprisonment for a term which may extend to six months, or by fine, or by both.
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