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 35EFalse statement in verification mentioned in section 34AB

Read in the full Act

Section 35E: False statement in verification mentioned in section 34AB

35E. False statement in verification mentioned in section 34AB

If a person makes a statement in a verification mentioned in section 34AB 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 imprisonment for a term which may extend to six months or with fine or with both. [35EE. Failure to furnish particulars under section 34ACC.—If a person referred to in section 34ACC fails *** to intimate to the Board the particulars of conviction or finding referred to in the said section, he shall be punishable with rigorous imprisonment for a term which may extend to two years and shall also be liable to fine]: [Provided that no person shall be punishable under this section if he proves that there was reasonable cause or excuse for the said failure.] [35EEE. Contravention of order made under second proviso to sub-section (1) or sub-section

(3A)

of section 37A.—If a person contravenes any order referred to in the second proviso to sub-section

(1)

or sub-section (3A) of section 37A, he shall be punishable with rigorous imprisonment for a term which may extend to two years and with fine.]