https://www.taxtmi.com/caselaws?id=6162 The SC allowed the appeal, quashing the proceedings against the appellant under sections 276CC and 278B of the Income-tax Act. The Court found the prosecution unwarranted as the appellant's final tax liability was Rs. 1,360, below the Rs. 3,000 threshold specified in proviso (ii)(b) to section 276CC. The HC's dismissal of the petition under section 482 CrPC was set aside, emphasizing the importance of the proviso in assessing the legality of prosecution. The appellant's initial tax liability discrepancies were resolved, confirming the applicability of the proviso. Consequently, the proceedings initiated by the Income-tax Officer were deemed unjustified, and the appeal was decided in favor of the appellant. en-us Wed, 03 Nov 2004 00:00:00 +0530 Mon, 23 Dec 2024 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6162 The SC allowed the appeal, quashing the proceedings against the appellant under sections 276CC and 278B of the Income-tax Act. The Court found the prosecution unwarranted as the appellant's final tax liability was Rs. 1,360, below the Rs. 3,000 threshold specified in proviso (ii)(b) to section 276CC. The HC's dismissal of the petition under section 482 CrPC was set aside, emphasizing the importance of the proviso in assessing the legality of prosecution. The appellant's initial tax liability discrepancies were resolved, confirming the applicability of the proviso. Consequently, the proceedings initiated by the Income-tax Officer were deemed unjustified, and the appeal was decided in favor of the appellant. Case-Laws Income Tax Wed, 03 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6162