https://www.taxtmi.com/acts?id=53140 Clause 24 revises section 278A to substitute simple imprisonment for rigorous imprisonment and to reduce the maximum term from seven years to three years for second and subsequent convictions under the listed tax-offence provisions, while retaining liability to fine; the amendment operates retrospectively from 1 March 2026. en-us Sun, 01 Feb 2026 15:12:37 +0530 Sun, 01 Feb 2026 15:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53140 Clause 24 revises section 278A to substitute simple imprisonment for rigorous imprisonment and to reduce the maximum term from seven years to three years for second and subsequent convictions under the listed tax-offence provisions, while retaining liability to fine; the amendment operates retrospectively from 1 March 2026. Act-Rules Bills Sun, 01 Feb 2026 15:12:37 +0530 https://www.taxtmi.com/acts?id=53140