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OFFENCES AND PROSECUTIONS

Income Tax - Penalties - Circumstances, Procedures and Relief - 11 - SECTION NATURE OF OFFENCE MINIMUM PERIOD OF RIGOROUS IMPRISONMENT MAXIMUM PERIOD OF RIGOROUS IMPRISONMENT 275A Dealing with seized assets in contravention of the order made under se .....

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icer to inspect books of account or other documents as required under section 132(1)(iib) Any period up to 2 years and fine. 2 years and fine. 276 Fraudulent removal, concealment, transfer or delivery of property to thwart tax recovery being taken in .....

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years which will not be less than 6 months in the absence of special and adequate reasons to the contrary to be recorded in the judgement 2 years 276AB Failure to comply with the provisions of sections 269UC, 269UE and 269UL Any period up to 2 years .....

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ed under section 206C. 3 months and fine. 7 years and fine 276C(1) Wilful attempt to evade tax penalty or interest imposable or under reports income under the Act. If amount sought to be evaded or tax on under-reported income exceeds 25,00,000, 6 mon .....

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s and fine 276CC Willful failure to file return of income in time under section 139(1), or in response to notice under section 142(1) or section 148 or section 153A. IF tax sought to be evaded exceeds 25,00,000: 6 months and fine. In any other case: .....

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vance tax does not exceed ₹ 3000. If tax sought to be evaded exceeds 25,00,000: 7 years and fine. In any other case: 2 years and fine. NOTE:- No prosecution for failure to furnish the return in due time under section 139(1) if: (i) the return i .....

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clause (a) of section 158BC, 3 months and fine 3 years and fine 276D Willful failure to produce books of account and documents under section 142(1) or willful failure to comply with a direction to get the accounts audited under section 142(2A) Any pe .....

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7; 25,00,000: 7 years and fine otherwise: 2 years and fine. 277A Willful and with intent to enable any other person to evade any tax or interest or penalty makes or causes to be made any entry or statement which is false and which the first person ei .....

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