https://www.taxtmi.com/acts?id=48927 The clause creates the offence of making a false statement, account or statement in any verification under the Act or rules, where the maker knows, believes it to be false, or does not believe it to be true. Penalties are graduated by the tax-evaded threshold: exceeding twenty-five lakh rupees attracts rigorous imprisonment of not less than six months and up to seven years plus fine; other cases attract rigorous imprisonment of not less than three months and up to two years plus fine. en-us Fri, 14 Feb 2025 14:23:03 +0530 Fri, 14 Feb 2025 14:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48927 The clause creates the offence of making a false statement, account or statement in any verification under the Act or rules, where the maker knows, believes it to be false, or does not believe it to be true. Penalties are graduated by the tax-evaded threshold: exceeding twenty-five lakh rupees attracts rigorous imprisonment of not less than six months and up to seven years plus fine; other cases attract rigorous imprisonment of not less than three months and up to two years plus fine. Act-Rules Bills Fri, 14 Feb 2025 14:23:03 +0530 https://www.taxtmi.com/acts?id=48927