Section 145: Giving false or misleading information

145. Giving false or misleading information Any licensee who— (a) gives any information or submits any return referred to in section 115 which he knows or should have known to be false or misleading in any material particular; or (b) with intent to deceive, produces or makes use of any book, account, record, return or other document which is false or misleading in any material particular, shall commit an offence and shall, on conviction, be liable to a fine not exceeding 500,000 rupees and to imprisonment for a term not exceeding 5 years. (S. 145 came into operation on 6 December 2007.)