(1) Where any person fraudulently or negligently -
(a) delivers any incorrect return or statement of a kind mentioned in any of the provisions specified in column 1 of Schedule 29,
(b) makes any incorrect return, statement or declaration in connection with any claim for any allowance, deduction or relief, or
(c) submits to the Revenue Commissioners, the Appeal Commissioners or an inspector any incorrect accounts in connection with the ascertainment of that person's liability to income tax,
that person shall, subject to section 1054, be liable to a penalty of -
(i) €125, and
(ii) the amount of the difference specified in subsection (5).
(1A) Where any person fails to comply with a requirement to deliver a return or statement of a kind mentioned in any of the provisions specified in column 1 of Schedule 29, by reason of fraud or neglect by that person, that person shall, subject to section 1054, be liable to a penalty of -
(a) €125, and
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