https://www.taxtmi.com/manuals?id=1374 Where a person's books contain a false entry or an omission made to evade tax, the Assessing Officer or appellate authorities may direct that person to pay a penalty equal to the aggregate amount of such false or omitted entries. The authorities may also direct any other person who causes or induces the making or omission of those entries to pay an equal penalty. "False entry" includes forged or falsified documents, invoices without actual supply or receipt, and invoices involving nonexistent persons. en-us Thu, 07 Jan 2016 16:19:00 +0530 Wed, 21 Aug 2024 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1374 Where a person's books contain a false entry or an omission made to evade tax, the Assessing Officer or appellate authorities may direct that person to pay a penalty equal to the aggregate amount of such false or omitted entries. The authorities may also direct any other person who causes or induces the making or omission of those entries to pay an equal penalty. "False entry" includes forged or falsified documents, invoices without actual supply or receipt, and invoices involving nonexistent persons. Manuals Income Tax Thu, 07 Jan 2016 16:19:00 +0530 https://www.taxtmi.com/manuals?id=1374