India - Income Tax Act 2010 - Saarc

1.931 CH. XXII - OFFENCES AND PROSECUTIONS S. 277Amay extend to one year or with fine equal to a sum calculated at a rate which shallnot be less than four rupees or more than ten rupees for every day during whichthe default continues, or with both.]Failure to comply with the provisions of section 269SS.276DD.22[Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f.1-4-1989.]Failure to comply with the provisions of section 269T.276E. 23 [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f.1-4-1989.]24[False statement in verification, etc.277. If a person 25 makes a statement in any verification under this Act or underany rule made thereunder, or delivers an account or statement which isfalse, and which he either knows or believes to be false, or does not believe to betrue, he shall be punishable,—(i) in a case where the amount of tax, which would have been evaded ifthe statement or account had been accepted as true, exceeds onehundred thousand rupees, with rigorous imprisonment for a termwhich shall not be less than six months but which may extend to sevenyears and with fine;(ii) in any other case, with rigorous imprisonment for a term which shallnot be less than three months but which may extend to three yearsand with fine.]26[Falsification of books of account or document, etc.277A. If any person (hereafter in this section referred to as the first person)wilfully and with intent to enable any other person (hereafter in thissection referred to as the second person) to evade any tax or interest or penaltychargeable and imposable under this Act, makes or causes to be made any entryor statement which is false and which the first person either knows to be false ordoes not believe to be true, in any books of account or other document relevantto or useful in any proceedings against the first person or the second person,under this Act, the first person shall be punishable with rigorous imprisonmentfor a term which shall not be less than three months but which may extend tothree years and with fine.Explanation.—For the purposes of establishing the charge under this section, itshall not be necessary to prove that the second person has actually evaded anytax, penalty or interest chargeable or imposable under this Act.]22. Prior to its omission, section 276DD was inserted by the Finance Act, 1984, w.e.f. 1-4-1984and later on amended by the Taxation Laws (Amendment & Miscellaneous Provisions)Act, 1986, w.e.f. 10-9-1986.23. Prior to its omission, section 276E was inserted by the Income-tax (Second Amendment)Act, 1981, w.e.f. 11-7-1981 and later on amended by the Taxation Laws (Amendment &Miscellaneous Provisions) Act, 1986, w.e.f. 10-9-1986.24. Substituted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-10-1975.25. For the meaning of the term “person”, see Taxmann’s Direct Taxes Manual, Vol. 3.26. Inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-10-2004.