https://www.taxtmi.com/caselaws?id=2475 Criminal prosecution initiated solely on the basis of a penalty order under section 271(1)(c) could not continue once that penalty order was set aside by the ITAT. The High Court applied the settled principle that, where the foundation order is annulled, the complaint loses its basis and becomes unsustainable. The criminal complaint and all consequential proceedings were therefore quashed in favour of the petitioner. en-us Fri, 05 Oct 2001 00:00:00 +0530 Thu, 31 Jul 2008 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2475 Criminal prosecution initiated solely on the basis of a penalty order under section 271(1)(c) could not continue once that penalty order was set aside by the ITAT. The High Court applied the settled principle that, where the foundation order is annulled, the complaint loses its basis and becomes unsustainable. The criminal complaint and all consequential proceedings were therefore quashed in favour of the petitioner. Case-Laws Income Tax Fri, 05 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2475