https://www.taxtmi.com/caselaws?id=208981 Criminal proceedings under the Income-tax Act were not liable to be quashed under inherent jurisdiction merely because the assessment was later recomputed. The alleged falsity in the return, non-production of books, improper clubbing of income, failure to audit accounts, and submission of false particulars remained the basis of prosecution, and later relief in assessment did not erase that foundation. The Court also noted that the plea based on non-initiation of penalty proceedings had no merit, and that vicarious liability under the statute could extend to partners of a firm unless they showed they were not responsible for the offence. en-us Sat, 19 Feb 2011 00:00:00 +0530 Sat, 03 Aug 2013 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208981 Criminal proceedings under the Income-tax Act were not liable to be quashed under inherent jurisdiction merely because the assessment was later recomputed. The alleged falsity in the return, non-production of books, improper clubbing of income, failure to audit accounts, and submission of false particulars remained the basis of prosecution, and later relief in assessment did not erase that foundation. The Court also noted that the plea based on non-initiation of penalty proceedings had no merit, and that vicarious liability under the statute could extend to partners of a firm unless they showed they were not responsible for the offence. Case-Laws Income Tax Sat, 19 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208981