https://www.taxtmi.com/caselaws?id=3915 Where the Appellate Tribunal cancels the concealment penalty under the Income-tax Act, criminal prosecution founded on the same alleged concealment cannot continue because the foundational finding no longer survives in law. The Gujarat HC held that once the penalty order was set aside, the prosecution for alleged concealment of income and filing false particulars lost its legal basis. The criminal complaints and summons issued in those complaints were therefore quashed, and the proceedings came to an end in favour of the assessee. en-us Fri, 21 Sep 2007 00:00:00 +0530 Sun, 27 Jul 2008 07:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3915 Where the Appellate Tribunal cancels the concealment penalty under the Income-tax Act, criminal prosecution founded on the same alleged concealment cannot continue because the foundational finding no longer survives in law. The Gujarat HC held that once the penalty order was set aside, the prosecution for alleged concealment of income and filing false particulars lost its legal basis. The criminal complaints and summons issued in those complaints were therefore quashed, and the proceedings came to an end in favour of the assessee. Case-Laws Income Tax Fri, 21 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3915