Section 22 — Penalty for false statement

If in any return, statement or other document required by or for the purposes of any of the provisions of this Act, any person makes a statement,—
(a) which is false in any material particular, knowing it to be false; or
(b) which omits any material fact knowing it to be material,

he shall, save as otherwise expressly provided in this Act, be punishable with imprisonment for a term which may extend to two years or with a fine which may extend to two million rupees or with both.