Amendment status not verified — confirm the current text below against the official source.
False statements in declaration.-If any person makes a statement m a verificatiOn mentiOned m sectiOn 7 or sub-sectiOn (2) of sectiOn 11 which Is false and wh1ch he either knows or believes to be false or does not believe to be true, he shall be deemed to have committed the offence des- cnbed m section 177 of the Indian Penal Code (Central Act 45 of 1860) 22 Failure to furnish return.-(!) ·If any person fails Without reasonable cause or excuse ·to furnish m due time any return specified m sub-sectiOn (1) or sub-sectiOn (3) of 5ec1wn 7, the assessing authonty, the appellate authonty or the reviswnal authonty may rmpose a penalty which may extend to five rupees for every day dunng which the default contmues. (2) The penalty Imposed under sub-section (1) may be recovered m the same manner as arrears of bmldmg tax