1.

Where the amount of tax evaded or the amount of input tax credit wrongly availed or utilised or the amount of refund wrongly taken exceeds 200 lakhs upto 500 lakhs then –1) imprisonment for a term which may extend to 5 years and with fine 2) imprisonment for a term which may extend to 7 years and with fine3) imprisonment for a term which may extend to 5 years and without fine 4) imprisonment for a term which may extend to 3 years and with fine​

Answer»

4.IMPRISONMENT which may extend to THREE years, or with fine, or with both. ... offence under Section 135(1)(ii) of the Act of 1962 is punishable with imprisonment for a term which may EXTENT to three years or fine or with both whereas the offence punishable under Section 63 ...



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