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...
Acquittal of charge u/s 276CC - respondent has failed to comply with the provisions contained u/s 139(1) and he has submitted the income tax returns after a delay of 28 months - The High Court concluded that the prosecution failed to establish beyond reasonable doubt that the respondent had the requisite mens rea to evade tax. Considering the explanations provided by the respondent regarding the delay in filing income tax returns, the court found no evidence of deliberate wrongdoing. The court upheld the judgment of the trial court, acquitting the respondent of the charges under Section 276CC of the Income Tax Act, 1961.
Acquittal of charge u/s 276CC - respondent has failed to comply with the provisions contained u/s 139(1) and he has submitted the income tax returns after a delay of 28 months - The High Court concluded that the prosecution failed to establish beyond reasonable doubt that the respondent had the requisite mens rea to evade tax. Considering the explanations provided by the respondent regarding the delay in filing income tax returns, the court found no evidence of deliberate wrongdoing. The court upheld the judgment of the trial court, acquitting the respondent of the charges under Section 276CC of the Income Tax Act, 1961.
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