। ॥ ७२७ ॥
In plain words
Take the meaning of the sentence to be a qualified thing; or else take it to be the relation between things. Either way the meaning does not answer to what is actually so — and śruti does not accept that as what the sentence means.
Close to the Sanskrit
In the case of the qualified thing, or again of the relation, being the meaning of the sentence — by reason of not according with what is actually so, that, this, is not held by śruti to be the meaning of the sentence.