The Expenditure-tax Act

Short title, extent and commencement

Definitions

Application of the Act

Charge of expenditure-tax

Meaning of chargeable expenditure

Tax authorities

Collection and recovery of expenditure-tax

Person responsible for collecting tax to furnish prescribed return

Assessment

Best judgment assessment

Chargeable expenditure escaping assessment

Rectification of mistake

Time limit for completion of assessment and reassessment

Interest on delayed payment of expenditure-tax

Penalty for failure to collect or pay expenditure-tax

Penalty for failure to furnish prescribed return

Penalty for concealment of chargeable expenditure

Penalty for failure to comply with notice

Penalty not to be imposed in certain cases

Notice of demand

Revision of orders by the Commissioner

Appeals to the Commissioner (Appeals)

Appeals to Appellate Tribunal

Application of provisions of Income-tax Act

Wilful attempt to evade tax, etc

Failure to furnish prescribed returns

False statement in verification, etc

Abetment of false return, etc

Certain offences to be non-cognizable

Institution of proceedings and composition of offences

Power to make rules

Power to remove difficulties

Repealed

All sections

If a person makes a statement in any verification under
this Act or any rule made thereunder, or delivers an account or statement which is false, and which he
either knows or believes to be false, or does not believe to be true, he shall be punishable with rigorous
imprisonment for a term which shall not be less than three months but which may extend to seven years
and with fine.


LAWGIST

# 27 False statement in verification, etc