https://www.taxtmi.com/acts?id=52027 Wilful failure to comply with a direction issued under section 268(5) for special audit or valuation is punishable with simple imprisonment up to six months, or with fine, or with both. The provision replaces the earlier section, which also covered failure to produce accounts and documents and carried a more severe punishment. en-us Thu, 14 Aug 2025 18:43:29 +0530 Mon, 06 Apr 2026 15:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52027 Wilful failure to comply with a direction issued under section 268(5) for special audit or valuation is punishable with simple imprisonment up to six months, or with fine, or with both. The provision replaces the earlier section, which also covered failure to produce accounts and documents and carried a more severe punishment. Act-Rules Income Tax Thu, 14 Aug 2025 18:43:29 +0530 https://www.taxtmi.com/acts?id=52027