Expenditure-Tax Act, 1987
27. False statement in verification, etc.
If a person makes a statement in any
verification under this Act or 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 with rigorous
imprisonment for a term which shall not be less than three months but which may
extend to seven years and with fine.