https://www.taxtmi.com/acts?id=3445 Criminal liability attaches where a person fails to give the notice required by section 178(1), fails to set aside the amount required by section 178(3), or parts with company assets or properties in contravention of that sub section; the prescribed sanction is rigorous imprisonment up to two years with a statutory minimum term unless the court records special and adequate reasons for a lesser sentence. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 11 Aug 2025 14:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3445 Criminal liability attaches where a person fails to give the notice required by section 178(1), fails to set aside the amount required by section 178(3), or parts with company assets or properties in contravention of that sub section; the prescribed sanction is rigorous imprisonment up to two years with a statutory minimum term unless the court records special and adequate reasons for a lesser sentence. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3445