https://www.taxtmi.com/caselaws?id=109050 Failure to file balance sheet and profit and loss account within the prescribed time was treated as a continuing offence because the statutory scheme imposed liability for each day of non-compliance and was aimed at securing ongoing compliance. On that footing, the limitation bar under the Criminal Procedure Code for a completed offence did not apply. The plea of limitation was also not accepted when raised at the end of trial after evidence had been recorded. The prosecution challenge to quashing therefore failed. en-us Fri, 19 Mar 2004 00:00:00 +0530 Thu, 05 Apr 2012 16:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109050 Failure to file balance sheet and profit and loss account within the prescribed time was treated as a continuing offence because the statutory scheme imposed liability for each day of non-compliance and was aimed at securing ongoing compliance. On that footing, the limitation bar under the Criminal Procedure Code for a completed offence did not apply. The plea of limitation was also not accepted when raised at the end of trial after evidence had been recorded. The prosecution challenge to quashing therefore failed. Case-Laws Companies Law Fri, 19 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109050