The scheme of punishment provided in section 73(1) is as follows:
|Offence involving--|| Punishment (Imprisonment
|Tax evaded exceeding Rs.250 lakh||5 years and fine|
|Tax evaded between Rs.50 lakh and Rs.250 lakh||3 years and fine|
|Tax evaded between Rs.25 lakh and Rs.50 lakh||1 years and fine|
Section 73(2) provides that a second or any subsequent conviction for an offence in this section shall be punishable with imprisonment for a term that may extend to 5 years and a fine. However, no imprisonment for any of the offences shall be for a period less than six months.