Whoever gives or fabricates false evidence, intending thereby to cause, or knowing it to be likely that he will thereby cause, any person to be convicted of an offence which is capital [by the laws for the time being in force in [India]] shall be punished with [imprisonment for life], or with rigorous imprisonment for a term which may extend to ten years, and shall also be liable to fine;

If innocent person be thereby conviceted and executed.--and if an innocent person be convicted and executed in consequence of such false evidence, the person who gives such false evidence shall be punished either with death or the punishment hereinbefore described.

Simply put

The first part of this section means whoever intentionally procures any false evidence which thereby will lead to awarding capital punishment to that person, he shall be punished with rigorous imprisonment which can extend up to 10 years, and is also liable for fine.    The second part of this section means if an innocent person is convicted and executed due to such false evidence, then the person who gave such false evidence shall be punished with death sentence or with punishment mentioned in first part of this section.

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