False statement in tax verifications triggers rigorous imprisonment and fines, with harsher penalties for larger tax evasion. The substituted provisions create offences for making false statements or accounts under the Act and for abetment of such false declarations, with graded punishments tied to the scale of tax evasion. They prescribe enhanced penalties for repeat convictions and extend liability to companies (including firms and associations) and to Karta and members of Hindu undivided families, subject to due-diligence defences. They also provide that assets, books or documents found or seized in searches and tendered in evidence attract the presumptions set out in the search provision.