Penalty quantum increased while imprisonment terms reduced under amendment to section 276C affecting tax penalty structure. Amendment to section 276C takes effect from 1 July 2012 and revises sub section (1)(i) to increase the monetary penalty, substitutes a shorter term of imprisonment in sub section (1)(ii), and likewise reduces the imprisonment period stated in sub section (2), thereby changing both the financial sanction and custodial terms under that penal provision.