Section 481 — Failure to comply with a direction of special audit or valuation
Old Act equivalent: Section 276D of IT Act 1961 Sub-part: B—Offences and Prosecution
Statutory Text
- If a person wilfully fails to comply with a direction issued to him under sec- tion 268(5), he shall be punishable with simple imprisonment for a term up to six months, or with fine, or with both.] False statement in verification, etc.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Person who fails to comply with direction for special audit or valuation.
- Conditions: Failure to comply with direction of special audit or valuation.
- Time limits: None.
- Monetary limits: Imprisonment 3 months to 3 years with fine.
- Exceptions: None.
Cross-References
None identified.
Amendment Notes
None noted from the extracted pages.