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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Penalties for Assisting False Wealth Tax Returns: Rigorous Imprisonment and Fines under Section 35F of the Wealth Tax Act.</h1> Section 35F of the Wealth Tax Act, 1957, addresses the abetment of false tax returns. It penalizes individuals who assist or encourage others to submit false declarations or statements regarding net wealth liable to tax, knowing them to be false or not believing them to be true. If the evaded tax, penalty, or interest exceeds one hundred thousand rupees, the offender faces rigorous imprisonment from six months to seven years and a fine. In other cases, the imprisonment ranges from three months to three years, along with a fine.
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