https://www.taxtmi.com/acts?id=16023 Amendment to section 278 increases the monetary threshold of tax, penalty or interest evasion that triggers the higher severity punishment and reduces the maximum statutory imprisonment applicable to lesser cases, while maintaining the two tier structure premised on abetment, inducement or assistance in making false accounts, statements or declarations or committing the specified offence. en-us Fri, 16 Mar 2012 17:25:15 +0530 Fri, 16 Mar 2012 17:25:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16023 Amendment to section 278 increases the monetary threshold of tax, penalty or interest evasion that triggers the higher severity punishment and reduces the maximum statutory imprisonment applicable to lesser cases, while maintaining the two tier structure premised on abetment, inducement or assistance in making false accounts, statements or declarations or committing the specified offence. Act-Rules Bills Fri, 16 Mar 2012 17:25:15 +0530 https://www.taxtmi.com/acts?id=16023