24[False statement in verification, etc.
277. If a person25 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 one 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
three years and with fine.]