https://www.taxtmi.com/acts?id=48923 Clause 478 establishes a criminal offence for a wilful attempt to evade tax, prescribing rigorous imprisonment and fines according to the scale of the evasion and preserving liability for penalties under the Act. It defines such wilful attempt to include possession or making of false entries in books or documents, wilful omission of relevant entries, and creating circumstances intended to enable tax evasion, while allowing court discretion to impose fines in specified cases. en-us Fri, 14 Feb 2025 14:21:57 +0530 Fri, 14 Feb 2025 14:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48923 Clause 478 establishes a criminal offence for a wilful attempt to evade tax, prescribing rigorous imprisonment and fines according to the scale of the evasion and preserving liability for penalties under the Act. It defines such wilful attempt to include possession or making of false entries in books or documents, wilful omission of relevant entries, and creating circumstances intended to enable tax evasion, while allowing court discretion to impose fines in specified cases. Act-Rules Bills Fri, 14 Feb 2025 14:21:57 +0530 https://www.taxtmi.com/acts?id=48923