Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Section 292A of the Income-tax Act expressly bars the application of section 360 of the Code of Criminal Procedure and the Probation of Offenders Act to persons convicted of Income-tax Act offences, except those under eighteen years of age. In relation to a conviction for making a false statement in an income-tax return under section 277, the High Court noted that the trial court had overlooked this statutory prohibition when granting probation. The order granting probation was therefore set aside, while the conviction remained undisturbed. The matter was remitted for fresh determination of sentence after hearing both sides.
Section 292A of the Income-tax Act expressly bars the application of section 360 of the Code of Criminal Procedure and the Probation of Offenders Act to persons convicted of Income-tax Act offences, except those under eighteen years of age. In relation to a conviction for making a false statement in an income-tax return under section 277, the High Court noted that the trial court had overlooked this statutory prohibition when granting probation. The order granting probation was therefore set aside, while the conviction remained undisturbed. The matter was remitted for fresh determination of sentence after hearing both sides.
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