https://www.taxtmi.com/caselaws?id=259589 The Karnataka HC held that a conviction for possession of disproportionate assets under the Prevention of Corruption Act and the IPC cannot stand unless the prosecution proves beyond reasonable doubt that the alleged excess assets are attributable to the accused after proper assessment of income, expenditure, loans, gifts and other lawful receipts. On the evidence, the court found the prosecution's valuation and income computation insufficient and set aside the conviction and sentence. It further held that the materials did not establish criminal conspiracy or abetment by Accused Nos. 2 to 4, so those charges also failed. The confiscation and attachment directions were likewise set aside. en-us Mon, 11 May 2015 00:00:00 +0530 Mon, 17 Mar 2025 11:03:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259589 The Karnataka HC held that a conviction for possession of disproportionate assets under the Prevention of Corruption Act and the IPC cannot stand unless the prosecution proves beyond reasonable doubt that the alleged excess assets are attributable to the accused after proper assessment of income, expenditure, loans, gifts and other lawful receipts. On the evidence, the court found the prosecution's valuation and income computation insufficient and set aside the conviction and sentence. It further held that the materials did not establish criminal conspiracy or abetment by Accused Nos. 2 to 4, so those charges also failed. The confiscation and attachment directions were likewise set aside. Case-Laws Indian Laws Mon, 11 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259589