legislations.in
The Wealth-tax Act, 1957

Chapter VIII — MISCELLANEOUS [34B. Transfers to defraud revenue to be void.—(1) Where, during the pendency of any proceeding under this Act or after the completion thereof, but before the service of notice under rule 2 of the Second Schedule to the Income-tax Act as made applicable to this Act by section 32, any assessee creates a charge on, or parts with (by way of sale, mortgage, gift, exchange or any other mode of transfer whatsoever) the possession of, any of his assets in favour of any other person, such charge or transfer shall be void as against any claim in respect of any tax or any other sum payable by the assessee as a result of the completion of the said proceeding or otherwise:

Section 35DFalse statement in verification, etc., made under certain provisions of the Act

Read in the full Act
Section 35D: False statement in verification, etc., made under certain provisions of the Act

35D. False statement in verification, etc., made under certain provisions of the Act

If a person makes a statement in any verification under this Act (other than under section 34AB) or under 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,—

(i)

in a case where the amount of tax which would have been evaded if the statement or account had been accepted as true, exceeds one hundred thousand rupees, with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine;

(ii)

in any other case, with rigorous imprisonment for a term which shall not be less than three months but which may extend to three years and with fine.