If any person makes any such account or statement which is fake, and he knows or believes that it is fake or does not believe it to be true, he shall be liable to imprisonment for a term not exceeding 5 (five) years with fine, but not less than 6 (six) months shall be punished with imprisonment.
Income Tax
Section 313 : Punishment for Fake Statement Proved subject to Verification.
If any person makes any such account or statement which is fake, and he knows or believes that it is fake or does not believe it to be true, he…
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