Section 277
False statement in verification, etc. Repealed
About this Act
An Act to consolidate and amend the law relating to income-tax and super-tax
1If a person makes a statement in any verification under
this Act 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 2 twenty-five 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 3 two years and with fine.
(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 2 twenty-five 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 3 two years and with fine.
Notes
1. Subs. by Act 41 of 1975, s. 70, for sections 277 and 278 (w.e.f. 1-10-1975).
2. Subs. by Act 23 of 2012, s. 108, for “one hundred thousand rupees” (w.e.f. 1-7-2012).
3. Subs. by s. 108, ibid., for “three years” (w.e.f. 1-7-2012).
2. Subs. by Act 23 of 2012, s. 108, for “one hundred thousand rupees” (w.e.f. 1-7-2012).
3. Subs. by s. 108, ibid., for “three years” (w.e.f. 1-7-2012).