<s>[INST] What is misreporting of income? [/INST] ​​The following cases will be considered as misreporting of income:

​Misrepresentation or suppression of facts;
Failure to record investments in the books of account;
Claim of expenditure not substantiated by any evidence;
Recording of any false entry in the books of account;
Failure to record any receipt in books of account having a bearing on total income; and
Failure to report any international transaction or any transaction deemed to be an international transaction or any specified domestic transaction, to which the provisions of Chapter X apply.​ </s>