https://www.taxtmi.com/caselaws?id=345975 The High Court quashed the order of summoning dated 31.03.2006 under Sections 276-C and 277 read with Section 278-B of the Income Tax Act, 1961. The court found that the tax liabilities were adjusted through appellate proceedings, making the criminal prosecution unnecessary. It emphasized that once penalties or tax liabilities were set aside in appellate proceedings, the basis for criminal prosecution ceased to exist, leading to the quashing of the criminal proceedings against the petitioners. en-us Thu, 20 Jul 2017 00:00:00 +0530 Tue, 01 Aug 2017 09:07:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345975 The High Court quashed the order of summoning dated 31.03.2006 under Sections 276-C and 277 read with Section 278-B of the Income Tax Act, 1961. The court found that the tax liabilities were adjusted through appellate proceedings, making the criminal prosecution unnecessary. It emphasized that once penalties or tax liabilities were set aside in appellate proceedings, the basis for criminal prosecution ceased to exist, leading to the quashing of the criminal proceedings against the petitioners. Case-Laws Income Tax Thu, 20 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345975