https://www.taxtmi.com/caselaws?id=326106 The High Court dismissed the petition to quash proceedings against the petitioner for non-disclosure of fixed deposits and interest earned under Sections 276C(1) and 277 of the Income Tax Act. The court found the petitioner's varying identities in fixed deposits suspicious and highlighted the presumption of a culpable mental state. Despite the petitioner's claim of unintentional non-disclosure and subsequent rectification, the court emphasized that the revised returns were filed post-detection by tax authorities. The court concluded that the case should proceed to trial to determine the petitioner's culpability, denying the request to quash the charges. en-us Tue, 22 Mar 2016 00:00:00 +0530 Wed, 06 Apr 2016 09:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326106 The High Court dismissed the petition to quash proceedings against the petitioner for non-disclosure of fixed deposits and interest earned under Sections 276C(1) and 277 of the Income Tax Act. The court found the petitioner's varying identities in fixed deposits suspicious and highlighted the presumption of a culpable mental state. Despite the petitioner's claim of unintentional non-disclosure and subsequent rectification, the court emphasized that the revised returns were filed post-detection by tax authorities. The court concluded that the case should proceed to trial to determine the petitioner's culpability, denying the request to quash the charges. Case-Laws Income Tax Tue, 22 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326106