High Court Quashes Proceedings for Cash Payments, Not Responsible Under Income Tax Act

The High Court quashed the proceedings against the petitioner for accepting cash instead of a cheque under section 269SS of the Income-tax Act, as the petitioner was not responsible for the company's affairs. The court allowed the petitions, permitting action against the company or the individuals responsible.

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The petitioner sought to quash proceedings for accepting cash instead of cheque under section 269SS of the Income-tax Act. The High Court quashed the proceedings as the petitioner was not responsible for the company's affairs. The proceedings against the petitioner were quashed, allowing action against the company or those responsible. The petitions were allowed.

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