False statement in verification, etc.

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.... believe to be true, he shall be punishable,- ^4[(a) with simple imprisonment for a term up to two years, or with fine, or with both, where the amount of tax, which would have been evaded if the statement or account had been accepted as true, exceeds fifty lakh rupees; or (b) with simple imprisonment for a term up to six months, or with fine, or with both, where the amount of tax....

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....ecial and adequate reasons to the contrary to be recorded in the judgment of the court, such imprisonment shall not be for less than six months." 2. Substituted vide Section 108 of the Finance Act, 2012 w.e.f. 01-07-2012 before it was read as, "one hundred thousand rupees" 3. Substituted vide Section 108 of the Finance Act, 2012 w.e.f. 01-07-2012 before it was read ....