Section 277:
False statement in verification, etc.
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.
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).