What are the penalties for contravening an order under section 132(3)?

A person contravening an order under section 132(3) may face rigorous imprisonment of up to 2 years and a fine.

Fill in the blank: Failure to comply with section 132(1)(iib) can result in ___ and ___ for the offender.

Rigorous imprisonment up to 2 years and a fine.

Explain the consequences of removing or concealing property to defeat tax recovery as per section 276.

Fraudulent actions harm tax recovery.

• Legal consequences exist for fraud.

• Imprisonment up to 2 years.

• Fines may also be imposed.

True or False: A person failing to pay tax collected at source can be punished with a fine only.

False. A person failing to pay tax collected at source can face rigorous imprisonment for 3 months to 7 years and a fine.

What happens if a company commits an offence under the Income Tax Act?

Every person in charge of the company at the time of the offence is deemed guilty and can be punished unless they prove due diligence.

Fill in the blank: The Karta of a Hindu Undivided Family (HUF) can be charged with an offence unless he proves ___ or ___ to avoid liability.

The offence was committed without his knowledge or he exercised due diligence.

Describe the process for claiming a refund of excess tax paid by an assessee.

An assessee must prove the excess payment to the Assessing Officer, who may grant the refund after verification.

True or False: An assessee can claim a refund for excess tax paid due to a mistake in tax calculation at any time without restriction.

False. There are specific time limits for claiming refunds based on the assessment years.

Explain the role of the Tax Recovery Officer in recovering tax arrears.

Tax Recovery Officers manage tax arrears.

• They can attach property.

• Salary deductions are possible.

• Court applications may occur.

Fill in the blank: To avoid penalties, a person must prove ___ for any failure under sections 276A, 276B, or 276C.

Reasonable cause.

What is the significance of culpable mental state in tax-related offences?

Culpable mental state is crucial.

• Establishes intent in crimes.

• Influences prosecution strategies.

• Defenses can negate responsibility.