https://www.taxtmi.com/article/detailed?id=10121 The Income tax Act provides criminal sanctions-imprisonment and fines-for a spectrum of offences: breaches of search and restraint orders, refusal to permit inspection of electronic or other records, fraudulent removal or concealment of property to frustrate recovery, failures by liquidators or receivers to notify or preserve assets, willful attempts to evade tax (including false entries, falsification, abetment and non filing or non production of returns and accounts), and defaults in tax collection and payment by withholding agents. Companies, responsible officers and the karta of an HUF can be held liable; limited immunity is available in connection with settlement applications. en-us Mon, 20 Dec 2021 10:52:04 +0530 Mon, 20 Dec 2021 10:52:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10121 The Income tax Act provides criminal sanctions-imprisonment and fines-for a spectrum of offences: breaches of search and restraint orders, refusal to permit inspection of electronic or other records, fraudulent removal or concealment of property to frustrate recovery, failures by liquidators or receivers to notify or preserve assets, willful attempts to evade tax (including false entries, falsification, abetment and non filing or non production of returns and accounts), and defaults in tax collection and payment by withholding agents. Companies, responsible officers and the karta of an HUF can be held liable; limited immunity is available in connection with settlement applications. Articles Income Tax Mon, 20 Dec 2021 10:52:04 +0530 https://www.taxtmi.com/article/detailed?id=10121