https://www.taxtmi.com/caselaws?id=5632 A company or firm can be prosecuted under section 276B read with section 278B of the Income-tax Act, 1961, because section 278B expressly extends liability to the company, persons in charge, and other responsible officers. The fact that mandatory imprisonment cannot be imposed on a juristic person does not defeat prosecution; in that situation, fine remains the workable punishment for the company, while imprisonment and fine may apply to natural persons where legally permissible. The discharge of the other accused was also held unsustainable because no independent finding supported that result, and the matter was remitted for fresh hearing in accordance with law. en-us Fri, 26 Sep 1997 00:00:00 +0530 Tue, 03 Jun 2014 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5632 A company or firm can be prosecuted under section 276B read with section 278B of the Income-tax Act, 1961, because section 278B expressly extends liability to the company, persons in charge, and other responsible officers. The fact that mandatory imprisonment cannot be imposed on a juristic person does not defeat prosecution; in that situation, fine remains the workable punishment for the company, while imprisonment and fine may apply to natural persons where legally permissible. The discharge of the other accused was also held unsustainable because no independent finding supported that result, and the matter was remitted for fresh hearing in accordance with law. Case-Laws Income Tax Fri, 26 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5632